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The GBPUSD is stable - Analysis - 12-05-2021
The GBPUSD pair did not show any strong move yesterday, to remain stable above the main bullish channel’s support line, supported by the EMA50, waiting to head towards 1.4238 that represents our next main target.
Note that breaking 1.4100 will stop the expected rise and press on the price to start correctional bearish wave on the intraday basis.
The expected trading range for today is between 1.4060 support and 1.4220 resistance.
The expected trend for today: Bullish
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The EURUSD awaits the breach – Analysis - 12-05-2021
The EURUSD pair shows more attempts to breach 1.2170 level but it finds difficulty to confirm the breach, to show some temporary bearish bias now, affected by stochastic negativity, waiting to resume the positive trades to open the way to head towards our next main target that reaches 1.2300.
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