Midday update for the GBPUSD 13-09-2019
Economies.com
2019-09-13 10:37AM UTC
The GBPUSD pair rallies upwards strongly to breach 1.2400 level and attempts to hold above it, to hint the price head to activate the positive scenario in the upcoming sessions, noting that the bullish bias will be suggested for the rest of the day conditioned by the price stability above 1.2400, waiting to visit 1.2520 mainly.
We should note that trading below 1.2400 again will bring us back to neutrality, and it might head to test 1.2326 level initially.
The expected trading range for today is between 1.2300 support and 1.2500 resistance.
The expected trend for today: Bullish for the rest of the day
Forex and Currency News
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...