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Midday update for the GBPUSD 17-11-2023
The GBPUSD pair traded with clear negativity to complete forming the double top pattern that appears on the chart, to support the continuation of the expected bearish trend for today, waiting to break 1.2380 level to confirm rallying towards our next target at 1.2297.
Stochastic continues to provide the negative signals that reinforce the expectations to decline, reminding you that it is important to hold below 1.2460 to continue the expected bearish trend.
The expected trading range for today is between 1.2320 support and 1.2460 resistance.
The expected trend for today: Bearish
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Midday update for the EURUSD 17-11-2023
The EURUSD pair provide negative trades to attempt to move away from 1.0860 level but it returns to fluctuate around it, waiting to get negative motive that assist to push the price to resume the expected bearish trend for the rest of the day, reminding you that we are waiting to visit 1.0760 level mainly.
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The EURCHF pair resisted the negative pressures caused by stochastic decline below 50 level by providing new close above the MA55 that forms additional support now at 0.9625.
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Natural gas price didn’t move until this morning, by fluctuating within the sideways track represented by 3.100 support and 3.300 resistance.
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