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Midday update for the GBPUSD 11-03-2020
The GBPUSD pair trades with clear positivity to test the key resistance 1.2965, as the price affected by stochastic positivity, and as we mentioned this morning, the price needs to hold below this resistance to keep the bearish trend scenario dominant in the upcoming sessions, which its next main target located at 1.2736.
We should note that breaching 1.2965 will push the price to achieve additional gains and head towards 1.3150 as a first positive target.
The expected trading range for today is between 1.2820 support and 1.3000 resistance.
The expected trend for today: Bearish
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Midday update for the EURUSD 11-03-2020
The EURUSD pair shows calm negative trades in attempt to move away from 1.1325, to keep the bearish trend scenario valid for today, supported by the negative signal provided by stochastic, waiting to test 1.1221 as a next main target, noting that breaking this level will extend the correctional bearish wave to reach 1.1136.
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