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GBPUSD gets a positive close – Analysis - 07-03-2018
The GBPUSD pair breached 1.3854 level and closed the daily candlestick above it, which stops the recently suggested negative scenario and pushes the price to start recovery attempts that target the return to the main bullish trend, waiting to test 1.4041 level as a first main station.
Therefore, the bullish trend will remain suggested for today unless breaking 1.3854 level and holding below it again, noting that breaching 1.4041 will extend the bullish wave to reach 1.4344 on the near term basis.
Expected trading range for today is between 1.3800 support and 1.3990 resistance.
Expected trend for today: Bullish
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EURUSD attempts positively – Analysis - 07-03-2018
The EURUSD pair provided positive trades yesterday to complete forming an inverted head and shoulders pattern that appears on the chart, which supports the chances of continuing the bullish bias in the upcoming sessions, and the price is testing the key resistance that rises now to 1.2430, waiting to breach this level to confirm extending the bullish wave towards the first positive target at 1.2536.
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