The GBPUSD needs strong positive motive - Analysis - 30-01-2023
The GBPUSD pair fluctuates within tight track since last Friday, settling above the EMA50 that forms good intraday support against the price, to keep our bullish overview that its targets start by breaching 1.2440 to open the way to head towards 1.2595.
On the other hand, we should note that breaking 1.2320 will push the price to achieve some intraday bearish correction before turning back to resume the main bullish trend again.
The expected trading range for today is between 1.2320 support and 1.2485 resistance.
The expected trend for today: Bullish
The EURUSD tests the moving average - 30-01-2023
The EURUSD pair continues to provide weak trades around the EMA50, noticing that stochastic attempts to provide positive signals, waiting to motivate the price to resume the bullish wave that targets 1.1030 as a next station.
Therefore, the positive scenario will remain active as long as 1.0845 level remains intact, reminding you that breaking this level will put the price under intraday pressure to test 1.0745 areas before any new attempt to rise.
The expected trading range for today is between 1.0800 support and 1.0960 resistance.
The expected trend for today: Bullish
Midday update for Brent oil 27-01-2023
Brent oil price managed to touch our waited target at 88.20 and attempts to breach it, to reinforce the chances of continuing the bullish bias in the upcoming sessions and pave the way to achieve additional gains that reach 89.90, to keep the bullish trend active for today unless breaking 86.90 and holding below it.
The expected trading range for today is between 86.00 support and 89.50 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 27-01-2023
Crude oil price trades with clear positivity to attack 81.60 level and attempts to breach it, to hint heading to activate the positive scenario in the upcoming sessions, but we will continue with our neutrality until the price confirms the breach followed by rallying towards 84.25 areas, as failing to consolidate above the mentioned level till keep the domination of the sideways range on the intraday basis and might push the price to decline towards 78.95.
The expected trading range for today is between 79.50 support and 83.00 resistance.
The expected trend for today: Sideways