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Midday update for the GBPUSD 20-05-2020
The GBPUSD pair shows negative trades to move away from 1.2304, reinforcing the expectations of continuing the bearish trend for the rest of the day, supported by stochastic negativity, reminding you that our first target is located at 1.2093, while holding below 1.2304 represents key condition to continue the suggested decline.
The expected trading range for today is between 1.2130 support and 1.2304 resistance.
The expected trend for today: Bearish
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Midday update for the EURUSD 20-05-2020
The EURUSD pair fluctuates near 1.0966 level and still below it until now, which keeps the bearish trend scenario active for today, which targets testing 1.0840 level mainly, reminding you that breaching 1.0966 and holding above it will push the price to resume the bullish track that its next target located at 1.1067.
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