The GBPUSD price surpassed 1.2500$ barrier and settles above it, which supports the expectations of continuing the correctional bullish trend, and the way is open to test 1.2605$ that represents 38.2% Fibonacci correction for the entire decline from 1.3434$ to 1.2100$.
Are you looking for more exclusive insights? Join Economies.com VIP Club Channel on Telegram and get access to:
Subscribe now to our channel on Telegram and join the Economies VIP Club to get ahead in the market. Limited Spots Available.
The EURUSD price rebounds bearishly after reaching few pips away from our waited target at 1.0455$, to approach retesting the breached resistance that turns into minor support now at 1.0380$, noticing that stochastic begins to get rid of its negative momentum gradually, waiting to motivate the price to resume the positive trades in the upcoming sessions.
Are you looking for more exclusive insights? Join Economies.com VIP Club Channel on Telegram and get access to:
Subscribe now to our channel on Telegram and join the Economies VIP Club to get ahead in the market. Limited Spots Available.
Crude oil price traded with strong negativity to break 72.30$ and approach the first waited negative target at 71.20$, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which its next target reaches 70.30$, noting that the price needs to get a daily close below 72.30$ to confirm the continuation of the decline on the intraday and short-term basis.
Gold price shows more bullish bias to reach 2880.00$, waiting for additional rises to test 2900.00$ as a next main station, to continue suggesting the bullish trend unless breaking 2835.00$ and holding below it.