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Midday update for the GBPUSD 04-10-2021
The GBPUSD pair shows new bullish bias to head towards potential test to the key resistance 1.3600, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend active, supported by the EMA50 that forms continuous negative pressure against the price, noting that our targets begin by breaking 1.3530 to confirm rallying towards 1.3415.
The expected trading range for today is between 1.3440 support and 1.3600 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 04-10-2021
The EURUSD pair trades positively to breach 1.1605 and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will stop the recently suggested negative scenario and leads the price to achieve intraday gains that its targets begin by testing 1.1700 areas.
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