Midday update for the GBPUSD 28-10-2020
Economies.com
2020-10-28 09:46AM UTC
The GBPUSD pair faces new negative pressure to attack 1.3000 and heads towards potential test to the key support 1.2970, which urges caution from the upcoming trading, as continuing the decline and breaking the last level will stop the recently suggested negative scenario and press on the price to turn to decline, while the price needs to trade above 1.3000 again to confirm resuming the bullish trend that its first target located at 1.3225.
The expected trading range for today is between 1.2960 support and 1.3140 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
US consumer prices miss estimates in April
2024-05-15 12:39PM UTC
US consumer prices rose 0.3% m/m in April, missing estimates of a 0.4% ...
Forex
Aussie parks at two month highs even as Australian wages slow down
2024-05-15 04:23AM UTC
The Australian dollar rose in European trade on Wednesday against a basket of major rivals, ...
Forex
Dollar under pressure ahead of inflation data, Powell's speech
2024-05-14 10:58AM UTC
Dollar fell in European trade on Tuesday against a basket of major rivals, on track for the second ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows more bullish bias to reach ...
Forex
The AUDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial breach ...
Forex
The GBPUSD forecast update 15-05-2024
2024-05-15 09:28AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price continues to rise to approach ...