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Midday update for the GBPUSD 04-12-2023

Economies.com
2023-12-04 10:12AM UTC

The GBPUSD pair shows weak trades since morning, settling around 1.2675 level, and as long as the price is above 1.2590 level, our bullish overview will remain valid for the upcoming period, supported by the EMA50, reminding you that our targets begin by breaching 1.2720 to open the way to rally towards 1.2880 areas.

 

The expected trading range for today is between 1.2600 support and 1.2770 resistance.

 

The expected trend for today: Bullish

Midday update for the EURUSD 04-12-2023

Economies.com
2023-12-04 10:12AM UTC

The EURUSD pair continues to fluctuate at the key support 1.0860 and keeps its consolidation above it until now, to continue suggesting the bullish trend for today, reminding you that our targets begin at 1.0960 and extend to 1.1080 after breaching the previous level, taking into consideration that the continuation of the bullish wave depends on the price stability above 1.0860.

 

The expected trading range for today is between 1.0820 support and 1.0970 resistance.

 

The expected trend for today: Bullish

The EURCHF declines strongly – Analysis – 4-12-2023

Economies.com
2023-12-04 05:55AM UTC

The EURCHF pair surrendered to the negative pressures by crawling below 0.9550 level, to settle within the bearish channel again and notice suffering big losses by touching 0.9441.

 

The price has no escape from resuming the negative attack, noting that stochastic attempt to provide the negative momentum will force the price to form new bearish waves to press on the additional support at 0.9418 in order to find a way to resume the negative trades in the upcoming period.

 

The expected trading range for today is between 0.9500 and 0.9420

 

The expected trend for today: Bearish

Natural gas price begins the negative crawl – Analysis – 4-12-2023

Economies.com
2023-12-04 05:55AM UTC

Natural gas price formed new negative crawl to settle below 2.840 support line, hinting surrendering to the domination of the previously suggested bearish bias and notice its consolidation near 2.727, noticing stochastic reach to the oversold areas to increase the negative pressures on the price, which allows us to wait to reach the negative stations at 2.680 and 2.550.

 

The expected trading range for today is between 2.820 and 2.550

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of GBP/USD today?

The price of GBP/USD is $1.3647 (2025-07-04 23:55PM UTC)