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Midday update for the GBPUSD 18-09-2023

Economies.com
2023-09-18 12:01PM UTC

The GBPUSD pair shows some slight bullish bias to test 1.2400 barrier, affected by stochastic positivity, while the EMA50 continues to press negatively on the price, to keep our bearish overview that targets 1.2310 as a next main station.

 

Holding below 1.2435 represents the first condition to continue the expected decline, as breaching it represents the key to achieve intraday gains that target testing 1.2505 before any new attempt to decline.

 

The expected trading range for today is between 1.2300 support and 1.2450 resistance.

 

The expected trend for today: Bearish

Midday update for the EURUSD 18-09-2023

Economies.com
2023-09-18 12:00PM UTC

The EURUSD pair didn’t show any strong move since morning, to hover around 1.0660 level, thus, no change to the expected bearish trend scenario for today, which depends on the price stability below 1.0685, while its targets begin by breaking 1.0635 to open the way to head towards 1.0515.

 

The expected trading range for today is between 1.0570 support and 1.0725 resistance.

 

The expected trend for today: Bearish

Marriott International gathers positive momentum - Analysis - 18-09-2023

Economies.com
2023-09-18 11:35AM UTC

Marriott International's stock (MAR) fell in the intraday levels, amid negative signals from the RSI as the stock gathers positive momentum to rise anew, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 210.98, provided the support of 197.32 holds on.

 

Expected trend for today: Bullish

AMD in a free fall - Analysis - 18-09-2023

Economies.com
2023-09-18 11:35AM UTC

Advanced Micro Device's stock (AMD) skidded in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative signals from the RSI, after reaching overbought levels, with negative pressure from the 50-day SMA.

 

Therefore we expect more losses for the stock, targeting the support of 88.95, provided it settles below the resistance of 107.46. 

 

Expected trend for today: Bearish

Frequently asked questions

What is the price of GBP/USD today?

The price of GBP/USD is $1.3498 (2025-07-13 06:35AM UTC)