The GBPUSD pair attempted to breach 1.3795 but it couldn’t manage to hold for long time above it, to fluctuate at the bullish channel’s support line again, noticing that stochastic provides new positive signals now, waiting to motivate the price to resume the main bullish trend, which its next target located at 1.3910.
The EMA50 continues to protect the suggested bullish wave, which will remain valid unless breaking 1.3720 and holding below it.
The expected trading range for today is between 1.3700 support and 1.3860 resistance.
The expected trend for today: Bullish
The EURUSD pair keeps its stability below 1.1615, and didn’t show any strong move yesterday, thus, the bearish trend scenario will remain valid as it is without any change, supported by moving below the EMA50, reminding you that our main waited target is located at 1.1525.
We should note that breaching 1.1615 and holding above it will lead the price to recover and head towards 1.1670 initially.
The expected trading range for today is between 1.1525 support and 1.1650 resistance.
The expected trend for today: Bearish
The EURUSD pair keeps its stability below 1.1615, and didn’t show any strong move yesterday, thus, the bearish trend scenario will remain valid as it is without any change, supported by moving below the EMA50, reminding you that our main waited target is located at 1.1525.
We should note that breaching 1.1615 and holding above it will lead the price to recover and head towards 1.1670 initially.
The expected trading range for today is between 1.1525 support and 1.1650 resistance.
The expected trend for today: Bearish
Crude oil price resumes its positive trades clearly now to surpass 84.00 barrier and settles above it, reinforcing the expectations of continuing the main bullish trend, which its first target located at 85.85, reminding you that it is important to hold above 82.85 to continue the expected rise.