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Midday update for the GBPUSD 05-08-2022
The GBPUSD pair hovers around the EMA50, and as long as the price is above 1.2077, our bullish overview will remain valid for the upcoming period, waiting to get positive motive that assist to push the price to head towards our next main target at 1.2360.
The expected trading range for today is between 1.2040 support and 1.2240 resistance.
The expected trend for today: Bullish
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Midday update for the EURUSD 05-08-2022
The EURUSD pair shows some slight bearish bias to head towards testing the key support base 1.0200, which represents the first condition to continue the expected bullish trend for the upcoming period, as breaking it might push the price to test the most important support at 1.0100 before any new attempt to rise, while our main targets begin at 1.0278 and extend to 1.0355.
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