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Midday update for the GBPUSD 08-09-2023
The GBPUSD pair keeps its stability below 1.2505 and begins the attempts to provide negative trades now, supported by the negative signal that appears clearly on stochastic now, waiting for more decline to visit 1.2395 that represents our next main target.
Therefore, we will continue to suggest the bearish trend for the rest of the day conditioned by the price stability below 1.2505.
The expected trading range for today is between 1.2400 support and 1.2560 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 08-09-2023
The EURUSD pair shows slight negative trades now that hint heading to resume the expected bearish trend for today, motivated by the negative overlapping signal provided by stochastic now, waiting to head towards our main expected target at 1.0635.
MoreThe CADCHF holds above the support – Analysis – 8-9-2023
The CADCHF pair succeeded to get rid of the negative pressures, to keep its stability above the additional support near 0.6445, to increase the chances of activating the bullish track and start covering the losses that appeared recently, touching 0.6545 level.
MoreNo news for natural gas price – Analysis – 8-9-2023
Natural gas price didn’t move, to continue providing sideways trades and settling near 2.600 level, while the chances of activating the previously suggested bullish track still valid as long as 2.450 support line remains intact, waiting to gather the positive momentum to ease the mission of achieving some gains by moving towards 2.900 and 3.100.
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