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Midday update for GBPUSD 19-10-2017
The GBPUSD pair returns to push negatively on the bullish channel's support, which urges caution from the upcoming trading, as continuing the negative pressure and attacking 1.3096 level will force the price to turn its short term track to decline.
Until now, we will continue to suggest the bullish trend for today unless breaking 1.3096 level and holding below it, noting that the waited targets begin by breaching 1.3295 to open the way to head towards our next target at 1.3418.
Expected trading range for today is between 1.3150 support and 1.3320 resistance.
Expected trend for today: Bullish
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Midday update for EURUSD 19-10-2017
The EURUSD pair approached from testing the key resistance 1.1840 this morning and rebounds bearishly from there, supported by stochastic entering the overbought areas, to motivate the price to resume the expected bearish bias for today, which targets testing 1.1679 level mainly.
MoreCHFJPY builds new support base – Analysis – 19-10-2017
The CADCHF CHFJPY pair confirmed keeping the bullish bias domination by forming new support base around 114.50 level, to start building new positive trading as appears on chart, also, we notice the price lean on the moving average 55 to confirm the continuation of the positivity until achieving the main targets that begin at 116.25 followed by reaching 117.45 in the upcoming period.
MoreNatural Gas awaits the breach – Analysis – 19-10-2017
Despite the negative factors that agree the negative trading, but Natural gas price stability above the sideways range around 2.880 to block the previously expected negative release, while we recommend to stay neutral for now and monitor the price behavior until achieving the required break followed by waiting to record the main negative targets that start at 2.750 followed by 2.500.
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