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Midday update for the GBPUSD 01-05-2023
The GBPUSD pair faced negative pressure to break 1.2550 and settles below it, which urges caution from the upcoming trading, as holding below this level represents negative factor that will press on the price to decline and test 1.2470 areas initially before any new positive attempt.
Now, the price needs to step above 1.2550 to revive the positive scenario that its next main target located at 1.2650.
The expected trading range for today is between 1.2490 support and 1.2650 resistance.
The expected trend for today: Bullish
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Midday update for the EURUSD 01-05-2023
The EURUSD pair shows calm negative trades to move below the EMA50, reinforcing the expectations of continuing the bearish trend for the rest of the day, reminding you that our waited target is located at 1.0945.
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The GBPAUD pair formed strong bullish rally recently, to move away from 1.8450 support and achieve many gains by reaching the second main target at 1.9030, while this level might form intraday barrier against the bullish attempts, to expect forming temporary sideways fluctuation until achieving the required breach followed by starting to target the additional stations by rallying towards .9160 followed by reaching 1.9370 in the upcoming period.
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