The GBPUSD price traded with clear negativity yesterday to move below the intraday bullish channel’s resistance, noticing that the price leaned on horizontal support line at 1.2795, to start providing positive trades that hint heading to resume the main bullish track.

Therefore, we expect to witness positive trades in the upcoming sessions, and the targets begin at 1.2915 and extend to 1.3000, noting that breaking 1.2795 will push the price to achieve additional decline and test the bullish channel’s support line around 1.2745 initially, and might extend to 1.2645 before turning back to rise again.

The expected trading range for today is between 1.2760 support and 1.2910 resistance.

Trend forecast: Overall bullish

The EURUSD price keeps moving within tight range, noticing that stochastic provides positive signals that we are waiting to motivate the price to resume the positive trading, waiting to breach 1.0960 to confirm extending the bullish wave towards 1.1080.

The positive effect of the inverted head and shoulders’ pattern still active, and supports our expectations of continuing the bullish trend, noting that breaking 1.0860 will stop the suggested rise and push the price to turn to decline.

The expected trading range for today is between 1.0860 support and 1.1020 resistance.

Trend forecast: Bullish

Goldman Sachs Group’s stock (GS) declined in the intraday levels, amid the dominance of the upward short-term trend, with positive pressure from the 50-day SMA, as the stock gathers momentum to pierce the stubborn resistance of 390.00. 

Therefore we expect the stock to return higher and target the resistance of 420.00, provided the initial resistance of 389.45 was breached. 

Trend forecast: Likely Bullish

Target Corporation’s stock (TGT) fell in the intraday levels, amid the dominance of the upward correctional trend in the short term, with positive support from the 50-day SMA, as the stock collects recent profits, while trying to vent off overbought saturation in the RSI with negative signals out of them, as it also gathers positive momentum to rise anew. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 181.70, provided the support of 155.54 holds on.

Trend forecast: Likely Bullish