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Midday update for the GBPUSD 24-02-2020
The GBPUSD pair resumed its negative trading clearly to attack 1.2920 level and settles below it now, which supports the continuation of the bearish trend scenario efficiently in the upcoming period, paving the way to head towards our next correctional target at 1.2736, reminding you that it is important to hold below 1.2975 to continue the expected decline.
The expected trading range for today is between 1.2850 support and 1.3000 resistance.
The expected trend for today: Bearish
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Midday update for the EURUSD 24-02-2020
The EURUSD pair settles below 1.0860 level, while stochastic loses its positive momentum gradually, waiting to motivate the price to resume the expected bearish trend for today, which depends on the price stability below the mentioned level, while our main targets located at 1.0760 followed by 1.0680.
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No news for Copper price by its repeated sideways fluctuation near the initial support at 2.5400, therefore, we will keep waiting for gathering a new positive momentum that allows it to reach towards the positive stations that are located at 2.6100 and 2.6500.
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Platinum price returned to form a temporary sideways trading, due to the contradiction between the main indicators, to notice its stability neat 970.00 level, but the positive stability above the initial support level at 950.00 makes us keeps preferring the bullish attempt, gathering a new positive momentum makes us expect the price rally to 1025.00 barrier directly, and surpassing it will open the way towards the bullish channel’s resistance at 1075.00 for today.
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