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Midday update for the GBPUSD 17-08-2021
The GBPUSD pair shows more bearish bias to test 1.3800 barrier, reinforcing the expectations of continuing the bearish trend, which its targets begin at 1.3760 and extend to 1.3680 after breaking the previous level, noting that the continuation of the bearish wave depends on the price stability below 1.3875.
The expected trading range for today is between 1.3720 support and 1.3880 resistance.
The expected trend for today: Bearish
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Midday update for the EURUSD 17-08-2021
The EURUSD pair hovers around 1.1780 level and keeps its stability below it until now, to keep the negative scenario valid for today, which targets 1.1700 followed by 1.1605 levels as next main stations, reminding you that it is important to hold below 1.1780 and 1.1830 levels to continue the expected decline.
MoreThe CADJPY resumes the decline – Analysis – 17-8-2021
The CADJPY pair formed new negative attack recently, affected by the strength of 88.70 resistance, to notice crawling below the moving average 55 and record 86.77.
MoreNikkei index repeats the negative closings – Analysis – 17-8-2021
No change to the index’s correctional bearish track, due to the frequent negative stability below 28900.00 resistance, also, stochastic fluctuate below 50 level will increase the chances of gathering the negative momentum, allowing us to suggest more negative attempts until reaching 26770.00 level, while surpassing it might extend losses towards 25400.00 in the upcoming period.
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