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Midday update for the GBPUSD 01-03-2024
The GBPUSD pair keeps its stability below 1.2650, to keep the correctional bearish trend valid for today, waiting to visit 1.2540 as a next main target.
The EMA50 meets the key resistance 1.2650 to add more strength to it and protect the suggested negative scenario, which will remain valid conditioned by the price stability below this level.
The expected trading range for today is between 1.2540 support and 1.2700 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 01-03-2024
The EURUSD pair fluctuates around the EMA50 since morning, and didn’t show any strong move since morning, waiting to get negative motive that assist to push the price to resume the expected bearish trend for today, which targets 1.0765 initially, reminding you that breaking it will push the price towards 1.0645 direct.
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The GBPCHF pair provided positive signal by fluctuating above 1.1170 barrier, attempting to confirm moving to the bullish track as expected previously, as the major indicators provide the positive momentum to increase the positive pressures on the price to manage to confirm the breach followed by starting to target many positive stations that start at 1.1210 followed by reaching 1.1295 in the medium-term period.
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