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

EURUSD and GBPUSD: GBPUSD is approaching the 1.32000

by September 16, 2024
written by September 16, 2024

EURUSD and GBPUSD: GBPUSD is approaching the 1.32000 level

Pair EURUSD has been in a strong bullish consolidation since the opening of this morning’s Asian session
GBPUSD received new strong support this morning at the 1.31200 level

EURUSD chart analysis

Pair EURUSD has been in a strong bullish consolidation since the opening of this morning’s Asian session. We started from 1.10750 and climbed to 1.11300 levels. The pair had a short-term fluctuation in the 1.11000 zone but successfully overcame it and continued on the bullish side. We expect to see a jump to a new daily high, confirming staying on the positive side. Potential higher targets are 1.11400 and 1.11500 levels.

For a bearish option, EURUSD should first pull back below the 1.11000 level. With that step, we take the first step to the bearish side, which confirms the increase in bearish pressure. The Euro was then forced to retreat and look for support at lower levels. Potential lower targets are the 1.10900 and 1.10800 levels. By going down to 1.10800, we will be close to testing the daily open price.

 

GBPUSD chart analysis

GBPUSD received new strong support this morning at the 1.31200 level. A bullish consolidation was initiated, and the pair managed to break above last week’s high, creating a new one at 1.31950. For now, we encounter resistance in that zone and remain below the 1.32000 level. We need a continuation of the bullish momentum to move above the 1.32000 level. If we succeed in that, the next target is the September high at the 1.32390 level.

Potential higher targets are the 1.32400 and 1.32600 levels. For a bearish option, we need a negative consolidation and pullback of GBPUSD to the 1.31600 level. There was a hold in that zone before we continued bullish. This time, we need a break below to reinforce the bearish momentum. Potential lower targets are the 1.31400 and 1.31200 levels. Additional support in the 1.31200 zone is the EMA 200 moving average.

 

The post EURUSD and GBPUSD: GBPUSD is approaching the 1.32000 appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
AUDUSD and AUDNZD: AUDUSD is making new high this morning
next post
Oil and Natural Gas: Friday brought oil above $70.00

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

  • Supreme Court sets date to hear FTC Slaughter case in test of Trump’s firing powers

    October 17, 2025
  • Jimmy Carter, pioneer of the religious right

    January 5, 2025
  • Jim Cramer and Treasury Secretary Scott Bessent hold contrasting views on market correction

    March 19, 2025
  • Pause in US foreign aid has UN in panic over funding cuts, Trump says world body ‘not being well run’

    March 6, 2025
  • Apollo to acquire UK parcel delivery company Evri for £2.7 billion

    July 25, 2024

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 (6,503)
  • Investing (634)
  • Stock (941)

Latest Posts

  • SCOOP: Top Republican Chuck Grassley sets prompt hearing on judges blocking Trump

    March 26, 2025
  • Pressured by Trump’s Gaza plan, Arab countries meet in Egypt to discuss alternative proposal

    March 4, 2025
  • Israel says it killed Iranian commander who helped fund, arm Hamas

    June 21, 2025

Recent Posts

  • DOJ seeks removal of Comey’s defense lawyer, citing conflict of interest

    October 20, 2025
  • 3 things Dr. Oz can do as CMS administrator to help fix American health care

    November 25, 2024
  • Trump warns Iran faces ‘violence like people haven’t seen before’ if nuclear deal fails

    May 15, 2025

Editor’s Pick

  • Trump says Waltz doesn’t need to apologize over Signal text chain leak: ‘Doing his best’

    March 25, 2025
  • These are the top names in contention for Defense secretary under Trump

    November 12, 2024
  • Secret meeting between US, Israel, UAE held to discuss postwar plans for Gaza

    July 23, 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