GBP, EUR, 24 Hour Results: Levels, Ranges, Targets

Brian Twomey Brian's Investment

AUD/USD's 24 Hour Range ahead prediction was 0.7589 and 0.7584 Vs 0.7538 and 0.7518. AUD caught the low at 0.7532 and skyrocketed to exactly 0.7584.

USD/JPY 24 Hour Range ahead prediction was 111.93 to 113.55. To see 113.55 then 112.69 must break. USD/JPY touched 112.70. Both AUD and USD/JPY hit range tops and now trades lower.

EUR/USD now trades at its lower end break point at 1.1723. A break then comes 1.1707, 1.1699 and 1.1686. The overall most important break points are located at 1.1798 and 1.1671. Above 1.1723 targets 1.1766.

GBP/USD. Overall break points are located at 1.3154 and 1.3125. Lower for GBP must remain under 1.3244 to target 1.3217, 1.3199 and a massive line at 1.3184. Above 1.3244 comes next 1.3257 then a wide swath of land to 1.3318. GBP touched already today 1.3267 and 10 pips above 1.3257.

GBP/JPY below 148.99 then comes 148.69, 148.51 and a massive line at 148.32. Above 148.99 comes 149.14, 149.51 and 149.89.

Author

Brian Twomey

Brian's Investment

Brian Twomey is an independent trader and a prolific writer on trading, having authored over sixty articles in Technical Analysis of Stocks & Commodities and Investopedia.

EUR/USD holds steady above 1.1850 in quiet session

EUR/USD stays defensive but holds 1.1850 amid quiet markets in the European hours on Monday. The US Dollar is struggling for direction due to thin liquidity conditions as US markets are closed in observance of Presidents' Day holiday.

GBP/USD flat lines near 1.3650 ahead of UK and US data

GBP/USD kicks off a new week on a subdued note and oscillates in a narrow range near 1.3650 on Monday. The mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important data releases from the UK and the US.

Gold corrects lower, tries to stabilize above $5,000

Gold started the week under bearish pressure and declined to the $4,960 area before staging a modest rebound. As trading volumes remain thin with the US financial markets remaining closed on Presidents' Day holiday, XAU/USD looks to stabilize above $5,000 ahead of this week's key data releases.

Bitcoin consolidates as on-chain data show mixed signals

Bitcoin price has consolidated between $65,700 and $72,000 over the past nine days, with no clear directional bias. US-listed spot ETFs recorded a $359.91 million weekly outflow, marking the fourth consecutive week of withdrawals.

The week ahead: Key inflation readings and why the AI trade could be overdone

It is likely to be a quiet start to the week, with US markets closed on Monday for Presidents Day. European markets are higher across the board and gold is clinging to the $5,000 level after the tamer than expected CPI report in the US reduced haven flows to precious metals.

Monero Price Forecast: XMR risks a drop below $300 under mounting bearish pressure

Monero (XMR) starts the week under pressure, recording a 4% decline at press time on Monday after a 7% drop the previous day, putting the $300 support zone in focus.