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The GBPAUD breaches the resistance – Analysis – 18-8-2023
The GBPAUD pair hinted its surrender to the domination of the bullish bias by breaching the bearish channel’s resistance at 1.9665, recording some gains by reaching 1.9970.
Note that it is important to provide new closings above the breached resistance to reinforce the chances of reaching more positive stations, to expect targeting 2.0075 level as a first station, followed by reaching 2.0170 in the medium-term period.
The expected trading range for today is between 1.9760 and 2.0000
The expected trend for today: Bullish
Natural gas price awaits the positive momentum – Analysis – 18-8-2023
Natural gas price ended the negative fluctuation by providing new close above 2.350 extended support, to confirm its continuous affection by the domination of the previously suggested bullish bias, noticing stochastic reach to the oversold areas, to hint the beginning of getting rid of the negative pressures, to provide chances to gain new positive momentum and active the bullish track in the near term and medium-term period.
MoreThe EURJPY is forced to decline – Analysis – 18-8-2023
The EURJPY pair confirmed its affection by the domination of the correctional bearish bias due to the stability of 159.20 level and forming additional barrier against the recent positive attempts, while we expect to confine trades within sideways track represented by the mentioned barrier and the additional support at 157.10.
MoreThe GBPJPY gains some profits – Analysis – 18-8-2023
The GBPJPY pair surrendered to the strength of the additional resistance at 186.20, to force it to postpone the bullish attack and start gaining some profits by some correctional bearish wave to settle near 184.70.
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