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Midday update for the GBPUSD 08-06-2023
The GBPUSD pair trades with clear positivity to attack 1.2470 level and attempt to hold above it, which urges caution from the upcoming trading, as confirming the breach will stop the expected negative scenario for today and lead the price to regain the main bullish trend again.
The price needs to trade below 1.2470 again to revive the bearish trend scenario that its first target located at 1.2345.
The expected trading range for today is between 1.2350 support and 1.2510 resistance.
The expected trend for today: Bearish
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Midday update for the EURUSD 08-06-2023
The EURUSD pair shows new positive trades to fluctuate at 1.0730 again, and as we mentioned in our recent reports, the price needs to hold below this level to keep the bearish trend active, which targets 1.0650 mainly.
MoreThe CADJPY records some gains – Analysis – 8-6-2023
The CADJPY pair resumed forming bullish trades to achieve additional gains by reaching 104.88, reminding you that the bullish scenario will remain valid as long as the price is above the key support 102.40, in addition to 103.70 level attempt to form the additional support against the bullish attempts.
MoreNatural gas price repeats the sideways fluctuation – Analysis – 8-6-2023
Natural gas price didn’t succeed to exit the sideways bias, to continue fluctuating between 2.700 resistance and the additional support at 1.950, also, the contradiction between the major indicators allows us to continue with our neutrality and wait to surpass of the mentioned levels to manage to detect the next targets.
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