The GBPUSD pair bounced upwards strongly after touching 1.3310 level, to trade above 1.3390 level now, starting today with more rise to head towards achieving expected gains in the upcoming sessions, and we expect to test 1.3460 followed by 1.3525 as next positive stations.
Therefore, we expect to witness more rise today, noting that failing to consolidate above 1.3390 will put the price under the negative pressure again.
The expected trading range for today is between 1.3340 support and 1.3510 resistance.
The expected trend for today: Bullish
The EURUSD pair found solid support at 1.1150 and couldn’t confirm breaking it, to start providing positive trades that hint heading to achieve expected gains in the upcoming sessions, targeting testing 1.1375 mainly.
Therefore, the bullish bias will be suggested for today, noting that breaking 1.1150 will stop the expected rise and press on the price to resume the bearish track again.
The expected trading range for today is between 1.1150 support and 1.1310 resistance.
The expected trend for today: Bullish
The GBPUSD pair suffered strong losses, as it broke 1.3390 followed by the key support 1.3310, to open the way to head towards the previously recorded low at 1.3175, noting that holding below 1.3390 confirms the continuation of the negative pressure in the upcoming period.
Brent oil price succeeded to reach the bullish channel’s resistance line, and it touched 102.35 before bouncing downwards clearly, and we might witness mixed trades in the upcoming sessions, noting that breaking 98.75 will cause more correctional decline on the intraday basis, while breaching 100.20 will lead the price to lead the price to resume the main bullish trend again.