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Midday update for the GBPUSD 28-12-2023

Economies.com
2023-12-28 09:45AM UTC

The GBPUSD pair shows some slight bearish bias now, affected by stochastic negativity, waiting to get positive motive to reinforce the expectations of continuing the main bullish trend, reminding you that we are waiting to visit 1.2880 as a next main target.

 

On the other hand, we should note that breaking 1.2720 followed by 1.2680 levels will stop the bullish trend and push the price to turn to decline.

 

The expected trading range for today is between 1.2750 support and 1.2900 resistance.

 

The expected trend for today: Bullish

Midday update for the EURUSD 28-12-2023

Economies.com
2023-12-28 09:45AM UTC

The EURUSD pair settles around 1.1100 level, waiting to gather positive momentum that assist to push the price to resume the expected bullish trend for today, which targets 1.1145 followed by 1.1200 as next main stations.

 

The bullish channel organizes the suggested bullish wave, which will remain valid unless breaking 1.1080 and holding below it.

 

The expected trading range for today is between 1.1060 support and 1.1200 resistance.

 

The expected trend for today: Bullish

The GBPCHF suffers big losses – Analysis – 28-12-2023

Economies.com
2023-12-28 09:02AM UTC

The GBPCHF pair returned to form strong bearish waves since breaking the additional support at 1.0985, to notice suffering big losses by crawling below the additional support 1.0905 and settling near 1.0740.

 

The above chart shows forming new bearish channel, to expect facing continuous negative pressures and reach new negative stations that might start at 1.0685 followed by reaching the bearish channel’s support at 1.0635.

 

The expected trading range for today is between 1.0810 and 1.0685

 

The expected trend for today: Bearish

Natural gas price is slow – Analysis – 28-12-2023

Economies.com
2023-12-28 09:02AM UTC

No news for natural gas price, to continue providing slow sideways trades despite the frequent stability below 2.850 major resistance, noticing that stochastic provides the additional negative momentum to attempt to activate the negative track again, to keep waiting to break 1.200 and reach the main negative target at 1.950.

 

The expected trading range for today is between 2.600 and 2.200

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of GBP/USD today?

The price of GBP/USD is $1.3398 (2025-07-16 08:25AM UTC)