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The GBPUSD achieves the temporary decline - Analysis - 03-08-2022
The GBPUSD pair approached the bullish channel’s support line that appears on the chart, and begins to curve upwards now, to resume the bullish wave within the mentioned channel and head to achieve gains that start at 1.2340 and extend to 1.2490 on the near term basis.
Therefore, we expect to witness positive trades in the upcoming sessions supported by the EMA50 and stochastic, noting that the continuation of the bullish wave requires holding above 1.2115 and the most important above 1.2077.
The expected trading range for today is between 1.2100 support and 1.2265 resistance.
The expected trend for today: Bullish
The EURUSD faces negative pressure – Analysis - 03-08-2022
The EURUSD pair continued to decline to break 1.0200 level and settles below it, noticing that stochastic got rid of its positive momentum and begins to overlap positively now, waiting to motivate the price to resume the positive trades and head to test 1.0278 initially, reminding you that breaching this level will extend the bullish wave to reach 1.0355 followed by 1.0450 levels.
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