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Midday update for the GBPUSD 23-07-2021

Economies.com
2021-07-23 09:24AM UTC

The GBPUSD pair shows bearish bias to move below the EMA50, and it might head for potential test to the key support 1.3680 before turning back to rise, affected by stochastic negativity.

 

As long as the price is above the mentioned support, our bullish overview will remain valid, reminding you that our main waited target is located at 1.3840.

 

The expected trading range for today is between 1.3700 support and 1.3850 resistance.

 

The expected trend for today: Bullish

Midday update for the EURUSD 23-07-2021

Economies.com
2021-07-23 09:24AM UTC

The EURUSD pair did not show any strong move since morning, to continue fluctuating around 1.1780, thus, no change to the bearish trend scenario that depends on the price stability below the mentioned level, while its next main target located at 1.1700.

 

The expected trading range for today is between 1.1690 support and 1.1830 resistance.

 

The expected trend for today: Bearish

Wheat price approaches the negative target – Analysis - 23-07-2021

Economies.com
2021-07-23 03:51AM UTC

Wheat price declined strongly yesterday after the completion of the double top pattern, and we expect the continuation of the decline to test 680.20 level as a first negative target, noting that breaking this level will extend the bearish wave to test 659.40 on the near term basis.

 

In general, we expect the continuation of the bearish trend domination in the upcoming sessions unless the price rallied to breach 701.00 and hold above it.

 

The expected trading range for today is between 675.00 support and 700.00 resistance.

The expected trend for today: Bearish

Sugar price rises calmly – Analysis - 23-07-2021

Economies.com
2021-07-23 03:51AM UTC

Sugar price shows calm positive trades and settles around 17.70, and as long as the price is above 17.40, our bullish overview will remain valid for the upcoming period, supported by the EMA50 that carries the price from below, noting that we are waiting to visit 18.20 as a next main target.

 

The expected trading range for today is between 17.40 support and 18.20 resistance

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of GBP/USD today?

The price of GBP/USD is $1.3670 (2025-07-03 09:35AM UTC)