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Midday update for the GBPUSD 23-06-2022
The GBPUSD pair returns to press on 1.2205 level, noticing that there is a negative formation that contradicts the positive scenario, which urges caution from the upcoming trading, as breaking the mentioned level will force the price to suffer new losses on the intraday basis, while consolidating above it is required to resume the positive scenario that targets 1.2320 followed by 1.2490 levels mainly.
The expected trading range for today is between 1.2170 support and 1.2350 resistance.
The expected trend for today: Bullish
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Midday update for the EURUSD 23-06-2022
The EURUSD pair faced strong negative pressure to break 1.0550 level, to show mixed trades that make us prefer to stay aside until we get clearer signal for the next trend, which we will get through breaking 1.0480 support or breaching 1.0550 resistance.
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Despite the consolidation within the sideways track, the major indicators agree to provide the negative momentum that will assist to activate the bearish track for platinum price again, waiting to break 920.00 support line and reach new negative stations that start at 890.00 and 855.00.
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