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Midday update for the GBPUSD 31-05-2022

Economies.com
2022-05-31 09:09AM UTC

The GBPUSD pair keeps its stability above 1.2590 level, and begins to provide positive trades now, in attempt to resume the bullish wave that depends on the price stability above the mentioned level, noting that our waited targets begin at 1.2725 and extend to 1.2860 after surpassing the previous level.

 

The expected trading range for today is between 1.2560 support and 1.2710 resistance.

 

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The expected trend for today: Bullish

Midday update for the EURUSD 31-05-2022

Economies.com
2022-05-31 09:08AM UTC

The EURUSD pair continues to fluctuate at the bullish channel’s support line, and stochastic attempts to get rid of its negative momentum and gain the positive momentum on the intraday time frames, waiting to motivate the price to resume the bullish trend that its targets begin by surpassing 1.0770 to confirm rallying towards 1.0865 as a next station, reminding you that it is important to hold above 1.0725 and 1.0670 to continue the expected rise.

 

The expected trading range for today is between 1.0680 support and 1.0840 resistance.

 

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The expected trend for today: Bullish

Copper price continues the positive move – Analysis – 31-5-2022

Economies.com
2022-05-31 05:00AM UTC

Copper price remains affected by stochastic positivity, forming a slow positive move settled near 4.3300, confirming delaying the negative attack until this moment, we expect reaching the main resistance at 4.4200, then monitoring its behavior to detect the main trend in the upcoming trading.

 

The expected trading range for today is between 4.2500 and 4.4200

 

The expected trend for today: Bullish temporarily

 

Platinum price fluctuates within the sideways track – Analysis – 31-5-2022

Economies.com
2022-05-31 05:00AM UTC

Platinum price formed several mixed sideways trading, to keep its stability within the sideways track, affected by the stability of the main levels that are represented by 980.00 barrier and 918.00 support level.

 

The continuation of the main indicators’ contradiction assists to confirm the sideways bias domination, to keep waiting for surpassing one of the mentioned levels, to detect the main targets in the upcoming period.

 

The expected trading range for today is between 970.00 and 920.00 

 

The expected trend for today: sideways 

 

Frequently asked questions

What is the price of GBP/USD today?

The price of GBP/USD is $1.3586 (2025-07-09 06:15AM UTC)