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

EURUSD and GBPUSD: GBPUSD remains stable in a bullish trend

by August 23, 2024
written by August 23, 2024

EURUSD and GBPUSD: GBPUSD remains stable in a bullish trend

On Wednesday, EURUSD managed to climb to a new weekly high at the 1.11741 level
During this morning’s Asian trading session, GBPUSD initiated a bullish consolidation up to the 1.31100 level

EURUSD chart analysis

On Wednesday, EURUSD managed to climb to a new weekly high at the 1.11741 level. After the formation of this high pair, it started a bearish consolidation. On Thursday, we got new support at the 1.10980 level. During this morning’s Asian session, we saw an attempt to recover to the 1.11300 level. For now, we have resistance here and are retreating slightly. On a positive note, we are above the EMA 50 moving average and have its support.

We need a more concrete impulse to wake up this pair and start the continuation on the bullish side. Potential higher targets are the 1.11400 and 1.11600 levels. For a bearish option, we need a negative consolidation and a move down to the 1.11100 level. There, we will test the daily open price. If we happen to slip below, it is possible that we will form a new daily low. Potential lower targets are the 1.11000 and 1.10800 levels.

 

GBPUSD chart analysis

During this morning’s Asian trading session, GBPUSD initiated a bullish consolidation up to the 1.31100 level. If this trend continues, we could see a test of the weekly high at 1.31300. The trend looks stable, and we expect a jump to a new weekly high. Potential higher targets are 1.31400 and 1.31600 levels.

For a bearish option, we need a negative GBPUSD consolidation back to last night’s support at 1.30800. We will try to get support from the EMA 50 moving average there. This time, a drop below and the formation of a new lower low could happen. This will confirm that the pound is under pressure and needs to look for new lower support. Potential lower targets are 1.30600 and 1.30400 levels.

 

The post EURUSD and GBPUSD: GBPUSD remains stable in a bullish trend appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Oil and natural gas: Oil struggles to retain new support
next post
Harris takes aim at Trump as she vows ‘to be a president for all Americans’

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

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

  • Solana and Cardano: Cardano moved to a new weekly high

    August 22, 2024
  • Bernie Moreno wants Senate to call for Nobel Peace Prize to go to Trump

    June 25, 2025
  • People in Gaza are thanking Trump for aid, leader of US-backed group says

    June 12, 2025
  • Trump open to considering re-entry into World Health Organization: ‘They’d have to clean it up’

    January 27, 2025
  • Trump administration torpedoes SCOTUS with emergency requests and sees surprising success

    July 3, 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

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

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,603)
  • Investing (634)
  • Stock (867)

Latest Posts

  • Chinese hackers attempted to breach Trump and Harris campaigns’ cellphone data

    October 25, 2024
  • ‘Swindled the American taxpayer’: New House GOP internal memo rips Dem USAID uproar

    February 5, 2025
  • Trump shooting task force says DHS, Secret Service haven’t produced docs on golf course incident

    December 10, 2024

Recent Posts

  • Wolfe Research upgrades First Industrial Realty Trust: Can it reach $64?

    August 14, 2024
  • Short CRSP: Stock Forms Head and Shoulders Pattern, Eyeing short term Neckline Retest

    July 12, 2024
  • Top gainers & losers today: Nifty, Sensex jump 2%, metals in the spotlight

    April 11, 2025

Editor’s Pick

  • Mideast oil powerhouse bans Russian ‘shadow fleet’ vessels that seek to undermine sanctions

    August 14, 2024
  • Mortgage rates plunge to the lowest level in over a year after weak employment report

    August 5, 2024
  • Trump endorses ‘MAGA warrior’ for RNC chairman after Whatley launches Senate campaign

    August 1, 2025
  • 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