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GBPUSD achieves some bearish correction – Analysis - 22-01-2018
The GBPUSD pair provided negative trades in the previous sessions to achieve some bearish correction for the last bullish wave, noticing that stochastic got rid of its negative momentum to reach the oversold areas, which forms positive motive that we are waiting to assist to push the price to continue the main bullish trend.
Therefore, we are waiting for positive trading in the upcoming sessions, as our next targets located at 1.4000 and extend to 1.4125, noting that breaking 1.3825 will push the price to extend its bearish correction towards 1.3755 areas and might extend to 1.3640 before any new positive attempt.
Expected trading range for today is between 1.3800 support and 1.3960 resistance.
Expected trend for today: Bullish
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EURUSD gathers the positive momentum – Analysis - 22-01-2018
The EURUSD pair returned to decline to test the key support base that rises now to 1.2215, accompanied by stochastic reach to the oversold areas, while the EMA50 provides continuous positive support to the price.
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