|
Midday update for the GBPUSD 13-09-2019
The GBPUSD pair rallies upwards strongly to breach 1.2400 level and attempts to hold above it, to hint the price head to activate the positive scenario in the upcoming sessions, noting that the bullish bias will be suggested for the rest of the day conditioned by the price stability above 1.2400, waiting to visit 1.2520 mainly.
We should note that trading below 1.2400 again will bring us back to neutrality, and it might head to test 1.2326 level initially.
The expected trading range for today is between 1.2300 support and 1.2500 resistance.
The expected trend for today: Bullish for the rest of the day
Midday update for the EURUSD 13-09-2019
The EURUSD pair trades positively to attempt to breach the bearish channel’s resistance, which urges caution from the upcoming trading, as confirming breaching this level will push the price to achieve more rise and head towards 1.1180 as a next positive station, while consolidating below it will lead the price to start bearish wave that targets 1.0857 areas mainly.
MoreThe EURGBP fluctuates within the bearish range – Analysis – 13-9-2019
In spite of forming positive rebounds by the EURGBP price in the last period, but that will not affect the main negative track, due to its stability within the bearish channel levels that appears in the above image.
MoreGermany: Commerz Bank faces new resistance – Analysis – 13-9-2019
Commerz Bank ended its bullish correctional rally by facing a new resistance at 5.93, to assist confirming the main bearish bias domination, and the stability of the moving average 55 above the current resistance will increase the negative pressures, which makes us prefer reaching to 5.26 level, then wait for providing a new negative pressure on the support level at 4.65.
More