The GBPUSD pair traded with clear positivity yesterday to settle above 1.5200 barrier, which might push the price to offer more bullish bias on the intraday basis to test the key resistance 1.5370, and as long as the price is below this resistance, the overall bearish overview will remain valid and active, waiting to head towards 1.5000 followed by 1.4800 mainly.
Stochastic reaches the overbought areas to support the expectations to decline, and breaking 1.5110 level will ease the mission of achieving the suggested targets.
Expected trading range for today is between: 1.5110 support and 1.5370 resistance.
Expected trend for today: Bearish
The EURUSD keeps its stability below 1.1800 level, to keep the negative pressure valid in general, as the price continues to move inside the bearish channel that appears on the above chart, which hints that the price is on its way to achieve targets that surpass 1.1640.
Therefore, we will continue to suggest the bearish trend in the upcoming period, which gets continuous supported from the EMA50, reminding you with the importance of holding below 1.2040 to continue the short term bearish trend.
Expected trading range for today is between: 1.1640 support and 1.1850 resistance.
Expected trend for today: Bearish
Crude oil price rallied sharply to the upside to breach the bearish channel’s resistance and attempts to hold above it, and it’s important to monitor the daily candlestick close according to 47.60, as holding above this level will offer signals on turning the intraday track upwards, followed by heading to achieve some gains in the upcoming period.
Crude oil price tested the horizontal resistance line again, keeping its stability below it, to keep the main bearish bias valid for today, waiting to break 45.00 to confirm targeting the mentioned areas in our major technical reports.