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The GBPUSD approaches the first target - Analysis - 25-01-2024
The GBPUSD pair bounced bearishly after reaching few pips away from our first target at 1.2780, to test the EMA50 that forms good support now at 1.2710, noticing that stochastic gathers the positive momentum clearly, waiting to motivate the price to resume the bullish wave that its next target reaches 1.2825.
Therefore, we will continue to suggest the bullish trend on the intraday basis, noting that breaking 1.2650 will push the price to achieve additional bearish correction that targets 1.2540 areas on the near-term basis.
The expected trading range for today is between 1.2650 support and 1.2800 resistance.
The expected trend for today: Bullish
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The EURUSD shows mixed trades - 25-01-2024
The EURUSD pair couldn’t manage to hold above 1.0890 level, to end yesterday negatively below this level, to face contradiction between the technical factors that makes us prefer to stay aside until we get clearer signal for the next trend, through breaking 1.0860 support or breaching 1.0890 resistance.
MoreEvening update for Crude oil price 24-01-2024
Crude oil price resumes its positive trading to surpass 75.20 level and reinforce the expectations of continuing the bullish trend in the upcoming sessions, opening the way to head towards our main waited target at 77.86, to keep the positive scenario active unless breaking 73.73 and holding below it.
MoreEvening update for Gold 24-01-2024
Gold price faces negative pressure to attack 2016.90 level now, which urges caution from the upcoming trading, as confirming breaking this level will stop the recently suggested positive scenario and push the price to achieve more bearish correction on the intraday basis, noting that closing the day below it will push the price to visit 1977.46 as a next negative station.
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