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Midday update for the GBPUSD 30-05-2023
The GBPUSD pair is testing the key resistance 1.2380, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend valid for today, as breaching it will push the price to break 1.2345 to confirm heading towards 1.2240 as a next main target for the suggested bearish wave.
The expected trading range for today is between 1.2270 support and 1.2430 resistance.
The expected trend for today: Bearish
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Midday update for the EURUSD 30-05-2023
The EURUSD pair provided additional negative trades to approach our waited target at 1.0650, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, noting that breaking this level will extend the bearish wave to reach 1.0520 areas on the near term basis.
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