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Midday update for the GBPUSD 11-01-2021
The GBPUSD pair shows new bearish bias to approach gradually from our first waited negative target at 1.3430, and the negative effect of the triple top pattern still active, which supports the chances of continuing the decline towards the second target at 1.3380, to continue suggesting the bearish trend in the upcoming sessions unless the price rallied to breach 1.3550 and hold above it.
The expected trading range for today is between 1.3410 support and 1.3580 resistance.
The expected trend for today: Bearish
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Midday update for the EURUSD 11-01-2021
The EURUSD pair begins attempts to break 1.2173 level, which supports the continuation of our bearish overview efficiently for the rest of the day, paving the way to head towards our next correctional target that reaches 1.2064, noting that the continuation of the bearish wave requires holding below 1.2173.
MoreThe GBPCHF awaits the positive momentum – Analysis – 11-1-2021
The GBPCHF pair formed weak sideways trades recently due to the lack of the positive momentum, to settle near the initial support at 1.1950, noting that the stability of the moving average 55 near the current support will increase the chances of gathering the positive momentum to manage to renew the bullish attempts until reaching 1.2075 followed by 1.2205 targets.
MoreIBEX index repeats the positive closings – Analysis – 11-1-2021
IBEX index kept its positive stability by providing frequent positive closings above 8265.00 level, to continue forming the additional support against the bullish trades and fluctuate near 8400.00.
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