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The GBPUSD consolidates above the critical support - Analysis - 05-08-2022
The GBPUSD pair kept its stability above 1.2077, and attempts to return to the broker bullish channel, waiting to breach 1.2165 to support the return to this channel followed by resuming the bullish trend that targets 1.2360 as a next station.
Therefore, we will keep our bullish overview unless breaking 1.2077 and holding below it, as breaking this level will put the price under negative pressure that pushes trades to return to the main bearish trend again.
The expected trading range for today is between 1.2040 support and 1.2240 resistance.
The expected trend for today: Bullish
The EURUSD breaches the resistance – Analysis - 05-08-2022
The EURUSD pair managed to breach 1.0200 and close the daily candlestick above it, reinforcing the expectations of continuing the bullish trend, opening the way to achieve our positive targets that start at 1.0278 and extend to 1.0355 followed by 1.0450.
MoreMidday update for the NZDUSD 04-08-2022
The NZDUSD pair reached our first target at 0.6320 now, waiting for more rise to breach this level and confirm extending the bullish wave towards 0.6380, reminding you that the continuation of the bullish wave depends on the price stability above 0.6257.
MoreMidday update for the AUDUSD 04-08-2022
The AUDUSD pair managed to touch our first waited target at 0.6980 and attempts to breach it, reinforcing the expectations of continuing the bullish wave and head to visit 0.7050 as a next target, to keep our bullish overview conditioned by the price stability above 0.6910.
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