The GBPUSD pair bounced upwards strongly to settle above 1.3795 level again, which keeps the bullish trend scenario valid and active for the upcoming period, organized inside the bullish channel that appears on the chart, waiting to visit 1.3910 as a next main station.

Holding above 1.3795 is important to continue the expected rise, noting that the price might witness some temporary sideways fluctuation until getting enough momentum to continue the suggested bullish trend.

The expected trading range for today is between 1.3760 support and 1.3910 resistance.

The expected trend for today: Bullish

The EURUSD pair bounced upwards clearly after testing 1.1615 level on yesterday’s evening, to reach our first target at 1.1670 now, and we believe that the chances valid to surpass this level and open the way to head towards our next main positive station at 1.1760, as the price is affected by the previously completed inverted head and shoulders’ pattern.

The EMA50 keeps supporting the expected bullish wave, which will remain valid conditioned by the price stability above 1.1615.

The expected trading range for today is between 1.1600 support and 1.1750 resistance.

The expected trend for today: Bullish

Crude oil price declined strongly and approached our waited target at 80.45, but it rallies upwards quickly now to approach 83.00 barrier, on its way to regain the main bullish trend, which targets 83.85 followed by 84.40 levels as next main stations, taking into consideration that the continuation of the bullish wave depends on the price stability above 81.75.

AMD's stock declined 0.09% in the last session on profit-taking, while gathering momentum to help it recover anew, as it vents off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the pivotal resistance of 122.35, provided it holds above 114.44.

Expected trend for today: Bullish