The GBPUSD hits the target - Analysis - 21-09-2023
The GBPUSD pair managed to achieve our main waited target at 1.2310 and presses negatively on it, to support the chances of continuing the bearish bias and head to achieve new declines that we expect to reach 1.2255 followed by 1.2200 levels.
The bearish channel continues to organize the expected bearish wave, which gets continuous support by the EMA50, taking into consideration that failing to break 1.2310 will lead the price to start recovery attempts and build intraday bullish wave that targets testing 1.2435 areas initially.
The expected trading range for today is between 1.2210 support and 1.2370 resistance.
The expected trend for today: Bearish
The EURUSD breaks the support - 21-09-2023
The EURUSD pair bounced downwards strongly after the rise that it witnessed on yesterday’s evening, and begins today with additional decline to succeed breaking 1.0635 level and holding below it, opening the way to continue the main bearish trend and head towards the next negative target that reaches 1.0515.
Therefore, we expect to witness more bearish bias in the upcoming sessions, supported by the EMA50, taking into consideration that breaching 1.0635 followed by 1.0685 levels will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 1.0530 support and 1.0685 resistance.
The expected trend for today: Bearish
Evening update for Gold 20-09-2023
Gold price traded with strong positivity to succeed achieving our waited target at 1945.20, noticing that the price surpasses this level now to support the chances of extending the bullish wave and achieve additional gains that reach 1965.00 as a next main station, waiting for more rise that requires holding above 1945.20 to continue the expected bullish trend.
Evening update analysis for the EURUSD 20-09-2023
The EURUSD pair rallied upwards strongly to breach the bearish channel’s resistance and head towards achieving expected gains in the upcoming sessions, targeting testing 1.0785 as a next main station, noting that breaching this level will push the price to continue the rise on the longer-term basis, while consolidating below will push the price to resume the main bearish trend again.