Midday update for the GBPUSD 25-01-2024

The EURUSD pair shows bullish bias to attempt to breach 1.0890 level, which represents one of the next trend keys besides 1.0860 support line, and as we mentioned this morning, the price needs to surpass one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.

The GBPCHF pair provided many negative closings below the bearish channel’s resistance at 1.1040, to start activating the decline and notice its consolidation near 1.0985, also, the MA55 approach to the major resistance confirms confining trades within the negative track, to increase the chances of targeting new negative stations that might start at 1.0940 and 1.0905.

Natural gas price confirmed postponing the negative attack by fluctuating within the sideways track represented by the major support 2.400 and 3.050 that forms the main obstacle against the attempts to regain the bullish bias as appears on the chart.