Midday update for the GBPUSD 23-01-2023
The GBPUSD pair faces solid resistance at 1.2440 level to show some slight bearish bias, and it might test the intraday bullish channel’s support line before turning back to rise again.
In general, we will continue to suggest the bullish trend for the upcoming period as long as 1.2340 level remains intact, reminding you that breaching 1.2440 is required to confirm rallying towards 1.2590 as a next main station.
The expected trading range for today is between 1.2380 support and 1.2530 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 23-01-2023
The EURUSD pair shows more bullish bias to touch our waited target at 1.0915 and attempts to breach it, waiting for more expected rise for the rest of the day, which targets 1.1030 as a next main station, noting that the EMA50 supports the suggested rise, which will remain valid conditioned by the price stability above 1.0830.
The expected trading range for today is between 1.0830 support and 1.0990 resistance.
The expected trend for today: Bullish
The EURGBP takes advantage of the additional support line stability – Analysis – 23-1-2023
The EURGBP pair faced additional negative pressures to form strong negative waves and suffer some losses by crawling towards 0.8722, to face additional support and settle above it, noting that the main stability within the bullish channel that appears on the chart allows us to wait to gather the additional positive momentum to manage to form bullish waves and target 0.8820 followed by pressing on 0.8880 barrier in order to find a way to resume the bullish rally in the upcoming period.
The expected trading range for today is between 0.8740 and 0.8820
The expected trend for today: Bullish
Natural gas price needs new momentum – Analysis – 23-1-2023
Natural gas price lost the negative momentum recently after stochastic exit from the oversold areas, to form correctional bullish waves and touch 3.500 level, while the price might form new positive waves until gathering the negative momentum, to expect rallying towards 3.850 followed by reaching 23.6% Fibonacci correction level at 4.350.
On the other hand, succeeding to gathering the negative momentum before surpassing 3.500 will activate the negative track again, to repeat the pressure on 3.120 level in order to resume the negative attack and achieve the next target at 2.600.
The expected trading range for today is between 3.200 and 3.850
The expected trend for today: Bearish