The GBPUSD achieves good gains – Analysis - 16-09-2019

Economies.com
2019-09-16 04:54AM UTC

The GBPUSD pair confirmed breaching 1.2400 level and approached from our waited target at 1.2520, noticing that the price moves within a bullish channel that appears in the image, which supports the chances for breaching the mentioned level and extend the bullish wave towards 1.2665 as a next main station.

 

Therefore, we will keep preferring the bullish trend in the upcoming sessions unless breaking 1.2370 level and holding below it.

 

The expected trading range for today is between 1.2400 support and 1.2580 resistance.

 

The expected trend for today: Bullish

 

Forex and Currency News

Forex News

Forex

Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
AUD/USD news

Forex

Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
USD/JPY news

Forex

Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...

Forex Technical Analysis

EUR JPY Analysis

Forex

The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
GBP JPY Analysis

Forex

The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
USD CHF Analysis

Forex

The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...