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The GBPUSD attempts negatively - Analysis - 23-02-2023
The GBPUSD pair hovers around the EMA50 and presses negatively on it in attempt to break it, reinforcing the expectations of continuing the bearish trend, waiting to visit 1.1940 that represents our next main target.
The bearish channel continues to organize the suggested bearish wave, and breaking the mentioned level will extend the correctional bearish wave to reach 1.1625 areas on the near term basis.
On the other hand, we should note that breaching 1.2160 will stop the bearish correction and push the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 1.1970 support and 1.2140 resistance.
The expected trend for today: Overall bearish
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The EURUSD breaks the support - 23-02-2023
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