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GBPUSD under the negative pressure – Analysis - 29-03-2018
The GBPUSD pair returned to decline strongly yesterday to break 1.4118 level and settles below it, which might force the price to provide more negative trades to test the short term bullish trend line at 1.3985 before turning back to rise again.
In general, the overall bullish trend still valid, it might be preceded by some decline towards the above mentioned level, noting that the EMA50 continues to provide the positive support to the price, while stochastic attempts to gain the positive momentum.
Therefore, we will continue to suggest the overall bullish trend conditioned by the price stability above 1.3985, noting that our next main target is located at 1.4344, while breaking 1.3985 will push the price to test 1.3817 areas before any new attempt to rise.
Expected trading range for today is between 1.4000 support and 1.4190 resistance.
Expected trend for today: Overall Bullish
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EURUSD keeps its positive stability – Analysis - 29-03-2018
The 1.2304 level managed to hold against the decline that the EURUSD pair witnessed yesterday, to start today with calm positivity that hints heading to resume the main bullish trend, which supports the chances of achieving expected gains in the upcoming period, waiting to head towards 1.2536 that represents our next main target.
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