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Midday update for the GBPUSD 11-09-2023
The GBPUSD pair managed to surpass 1.2505 level and closed the last four hours’ candlestick above it, reinforcing the expectations of continuing the bullish trend for the rest of the day, paving the way to head towards 1.2625 that represents our next main target.
Stochastic continues to provide the positive signals that support the continuation of the suggested bullish wave, which will remain valid conditioned by the price stability above 1.2505.
The expected trading range for today is between 1.2430 support and 1.2590 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 11-09-2023
The EURUSD pair shows more bullish bias, to keep the bullish trend scenario valid and active for today, motivated by stochastic positivity, waiting to visit 1.0785 that represents our next main target.
MoreThe GBPSEK is below the resistance – Analysis – 11-9-2023
The GBPSEK pair kept the efficiency of the bearish track by providing frequent closings below 14.0200 resistance, to notice the beginning of forming negative waves and touch 13.7837, also, stochastic exit from the overbought areas will increase the chances of gathering the negative momentum to increase the chances of starting to the additional negative stations located at 13.7440 and 13.6740 levels.
MoreNatural gas price seeks an exit – Analysis – 11-9-2023
Natural gas price repeated the sideways fluctuation within achieving any new positive target, to notice its move between the major support at 2.450, while 2.800 forms solid obstacle against the bullish rally.
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