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The GBPUSD declines calmly - Analysis - 24-02-2023
The GBPUSD pair provided negative trades yesterday to move away from the EMA50, waiting for more decline to test 1.1940 level that represents our next main target.
The bearish channel continues to organize the correctional bearish wave, noting that breaking the mentioned level will extend the bearish wave to reach 1.1780 followed by 1.1625 areas as next negative targets.
On the other hand, we should note that breaching 1.2145 will push the price out of the bearish track to turn to rise.
The expected trading range for today is between 1.1930 support and 1.2100 resistance.
The expected trend for today: Bearish
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The EURUSD crawls downwards - 24-02-2023
The EURUSD pair resumes the decline calmly, to press on 1.0600 barrier, reinforcing the expectations of continuing the bearish trend, which targets testing 1.0515 level mainly.
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