• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy EURUSD and GBPUSD: GBPUSD is approaching the 1.32000
Economy

EURUSD and GBPUSD: GBPUSD is approaching the 1.32000

by September 16, 2024
by September 16, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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.

You Might Also Like
  • Senate passes FISA surveillance tool renewal minutes after midnight deadline
  • Top energy industry group grading presidential candidates’ energy plans
  • GOP reps get birds-eye view of migrant crossings during border tour, mull legislative fixes to tackle crisis
  • Sen. Schmitt sounds alarm over Eventbrite’s ‘liberal-progressive agenda’ after pulling Riley Gaines event
Share
0
FacebookTwitterPinterestWhatsapp

previous post
USDCHF and USDJPY: New lows for both pairs this morning
next post
DP Trading Room: Tracking Gold Sentiment

You may also like

Michigan to sustain $883M revenue blow after tax cuts

May 20, 2023

Trump’s rivals for the 2024 nomination split on his latest...

August 4, 2023

GOP in battleground states rip Trump trial judge’s ‘dangerous’ ruling

May 2, 2024

First 2024 Trump-Biden presidential debate: Top clashes over issues from...

June 28, 2024

NC Republicans ask high court to reconsider redistricting, voter ID...

January 20, 2023

Panel of Democrats, environmental activists blame climate change for whale...

April 25, 2023

Maine bill expanding abortion access gets enough co-sponsors to ensure...

April 13, 2023

Rachel Levine proves YET AGAIN she’s America’s No. 1 gender...

June 30, 2024

GOP senators insist Biden ‘will negotiate’ on debt ceiling, budget...

January 26, 2023

Legal experts slam Jack Smith for bringing ‘lousy’ case against...

August 3, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

      June 20, 2025
    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New Rally?

      June 20, 2025
    • Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

      June 20, 2025
    • Nike pushes back Skims launch with Kim Kardashian due to production delays

      June 19, 2025
    • The Fed Is Getting It Wrong AGAIN As They Hold Rates Steady

      June 19, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,599 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,875 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,578 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,541 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,417 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,142)
    • Investing (538)
    • Stock (2,621)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Oil prices rise more than 1% as Israel vows to...

      June 20, 2025
    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New...

      June 20, 2025
    • Apple looking to make ‘premium’-priced folding iPhones starting next year,...

      June 20, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,142)
    • Investing (538)
    • Stock (2,621)

    Disclaimer: RoundTableThoughts.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 © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Top 5 moments during Trump-Biden debate...

    June 28, 2024

    Senate unanimously passes resolution to reinstate...

    September 28, 2023

    Stefanik hits special counsel Jack Smith...

    May 1, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here