Midday update for the GBPUSD 17-08-2022

Economies.com
2022-08-17 09:58AM UTC

The GBPUSD pair tested the key resistance 1.2140 and bounced bearishly from there, to remain stuck between the trend keys represented by the mentioned resistance and 1.2030 support, which keeps our neutrality valid until now, until the price manages to surpass one of these levels.

 

To review the details of the expected targets after the breach, please check our morning report.

 

The expected trading range for today is between 1.2010 support and 1.2200 resistance.

 

The expected trend for today: Neutral

Forex and Currency News

Forex News

Forex

Fed Chair: Driving down inflation towards target could take longer than expected
2024-04-16 20:10PM UTC
Fed Chair Jerome Powell said in a symposium earlier today that inflation has stiffened and held in ...
Forex News

Forex

US retail sales beat expectations in March
2024-04-15 12:39PM UTC
US retail sales rose 0.7% in March, beating estimates of a 0.4% increase, while down from 0.9% in ...
EUR/USD news

Forex

Euro tries to recoup from five-month trough amid bearish outlook
2024-04-15 08:41AM UTC
Euro rose in European trade on Monday against a basket of major rivals amid attempts to recoup from ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 16-04-2024
2024-04-16 09:48AM UTC
GBPUSD Price Forecast The GBPUSD price fluctuates positively now to head towards potential test ...
EUR GBP Analysis

Forex

The EURGBP tends to resume the decline – Forecast today – 16-4-2024
2024-04-16 05:51AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP pair confirmed its affection by the ...
EUR JPY Analysis

Forex

The EURJPY achieves some gains – Forecast today – 16-4-2024
2024-04-16 05:47AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair rallied upwards yesterday to ...