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Midday update for the GBPUSD 11-05-2022

Economies.com
2022-05-11 09:22AM UTC

The GBPUSD pair continues to fluctuate within the bearish pennant, testing its resistance now, waiting to resume the negative trades to break 1.2295 and get negative motive that assist to push the price towards our main expected target at 1.2200.

 

In general, the bearish trend will remain valid for today unless breaching 1.2375 and holding above it.

 

The expected trading range for today is between 1.2240 support and 1.2400 resistance.

 

The expected trend for today: Bearish

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Midday update for the EURUSD 11-05-2022

Economies.com
2022-05-11 09:22AM UTC

The EURUSD pair shows new positive trades to approach the key resistance 1.0580, affected by stochastic positivity, and as long as the price is below this level, our bearish overview will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our main waited target reaches 1.0450.

 

The expected trading range for today is between 1.0450 support and 1.0600 resistance.

 

The expected trend for today: Bearish

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Copper price is waiting for the negative momentum– Analysis – 11-5-2022

Economies.com
2022-05-11 05:06AM UTC

Copper price provided some of the sideways fluctuation, due to its neediness to the negative momentum, to delay the negative attack temporary by its stability near 4.2000, reminding you that the main stability below the resistance at 4.3700 forms the main factor to confirm the bearish scenario, which might target 4.0500 and 3.6700 level.

 

The expected trading range for today is between 4.2600 and 4.0500

 

The expected trend for today: Bearish

 

 

Platinum price without any change – Analysis – 11-5-2022

Economies.com
2022-05-11 05:06AM UTC

Platinum price remains stable below the resistance at 1000.00 until this moment, to keep the chances for resuming the negative trading in the current period, gathering extra negative momentum makes us expect declining towards 950.00 initially, then attempt to press on the support that is located near 915.00.

 

While the attempt to rally above the mentioned resistance will confirm its move to the bullish track, to begin targeting several positive levels by reaching 1040.00 and 1075.00.

 

The expected trading range for today is between 1000.00 and 940.00

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of GBP/USD today?

The price of GBP/USD is $1.3647 (2025-07-04 23:55PM UTC)