• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

EURUSD and GBPUSD: GBPUSD climbs to a new yearly high

by July 17, 2024
written by July 17, 2024

EURUSD and GBPUSD: GBPUSD climbs to a new yearly high

During this morning’s Asian session, EURUSD moved in the 1.08900-1.09100 range.
After almost a year, GBPUSD is back above the 1.3000 level again. 

EURUSD chart analysis

During this morning’s Asian session, EURUSD moved in the 1.08900-1.09100 range. With the start of the EU session and news about Eurozone inflation, the pair rose to 1.09450 levels. A new four-month high was formed. We stop at that level and see a slight pullback to the 1.09380 level. It is quite possible that we will see a continuation of the pullback to a potential retest of 1.09200, the previous high.

Potential lower targets are the 1.09100 and 1.09000 levels. We will test the weekly open price at 1.09100, while the EMA 50 is in the 1.09000 zone. For a bullish option, we need a continuation of today’s bullish consolidation and a break above the 1.09450 level. With that, we go to a new weekly high and confirm the strong euro. Potential higher targets are the 1.09500 and 1.09600 levels.

 

GBPUSD chart analysis

After almost a year, GBPUSD is back above the 1.3000 level again. Strong inflation data boosted the pound, pushing it as high as 1.30448. For now, the pair does not have the strength to go further and initiates a pullback to the 1.30300 level. This morning’s bullish consolidation was strong, and it is possible that we will see a decline and a retest of the 1.30000 level. We will test the weekly open price and the EMA 50 moving average support there.

Potential lower targets are the 1.29600 and 1.29400 levels. For a bullish option, we need a positive consolidation and a break above the 1.30500 level. This will form a new weekly high and strengthen the bullish trend. Potential higher targets are the 1.30600 and 1.30800 levels.

 

The post EURUSD and GBPUSD: GBPUSD climbs to a new yearly high appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
ApeCoin and Akita Inu: ApeCoin has retested at 0.830 level
next post
Gold and Silver: Gold hit a new all-time high this morning

related articles

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • DOJ turns to Gabbard’s office for next step in grand jury probe of alleged Russiagate conspiracy

    August 6, 2025
  • How the Inflation Reduction Act sparked a manufacturing and clean energy boom

    August 20, 2024
  • Top US ally, SDF commander in Syria warns of ISIS return if Turkish airstrikes don’t stop

    December 13, 2024
  • Elon Musk’s net worth soars $184B after Donald Trump’s victory: is $500B within reach this week?

    December 17, 2024
  • Amazon, Tesla drive Magnificent Seven surge on US-China trade deal

    May 12, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,485)
  • Investing (634)
  • Stock (941)

Latest Posts

  • ‘Tragic and shocking’: Explosive House report details ‘preventable’ July 13 Trump rally shooting

    October 21, 2024
  • ‘Proud of our president’: Dems heap praise on Biden for decision to end 2024 campaign

    July 21, 2024
  • Nvidia stock dips 5% as Broadcom surges 40% in five days

    December 17, 2024

Recent Posts

  • Here’s what happened during Trump’s 12th week in office

    April 12, 2025
  • Virginia Dem gubernatorial candidate and ex-CIA officer took $50K from CCP-linked tycoon

    August 6, 2025
  • DOGE stimulus checks: Johnson side-steps question on Trump plan, says US has ‘giant deficit’

    February 21, 2025

Editor’s Pick

  • Democrat lawmaker freezes on House floor after suffering adverse reaction to medication

    February 11, 2025
  • ‘Let us be the parents’: Supreme Court should let parents opt kids out of LGBTQ school lessons, lawyer argues

    April 22, 2025
  • Hezbollah is the ‘X-factor’ in looming Israel, Iran war with ‘nation state capabilities’

    August 10, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock