The GBPUSD price continued to rise to breach 1.2415$ and settle above it, which represents 23.6% Fibonacci correction level for the decline from 1.3434$ to 1.2100$, which opens the way to achieve more bullish correction and head to visit 1.2609$ areas on the near-term basis.
Therefore, the bullish bias will be suggested for the upcoming sessions, taking into consideration that breaking 1.2415$ will stop the bullish wave and push the price back to the main bearish channel again.
The expected trading range for today is between 1.2375$ support and 1.2530$ resistance
Trend forecast: Bullish
The EURUSD price ended last Friday above 1.0455$ level, to confirm the continuation of the correctional bullish trend domination and head towards visiting 1.0600$ areas as a next positive station.
Therefore, we expect to witness more rise in the upcoming sessions, supported by the EMA50 that carries the price from below, noting that breaking 1.0455$ will stop the bullish wave and push the price to attempt to return to the main bearish track again.
The expected trading range for today is between 1.0400$ support and 1.0540$ resistance
Trend forecast: Bullish
Ethereum price (ETHUSD) managed to touch our first waited target at 3425.50$ and finds solid resistance cluster there, waiting to get positive motive that push the price to breach this level and open the way to continue the main bullish trend, which targets 3678.00$ areas as a next main station.
In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 3222.00$ and holding below it.
The expected trading range for today is between 3250.00$ support and 3480.00$ resistance.
Trend forecast: Bullish
Bitcoin price (BTCUSD) traded with clear positivity to reach the thresholds of the key resistance 106000.00$, and as we mentioned this morning, breaching this level will activate the positive effect of the bullish pennant pattern and lead the price to continue the bullish trend that targets 108350.45$ followed by 112000.00$ levels mainly.
On the other hand, we should note that breaking 101680.00$ will stop the bullish wave and push the price to decline towards 95195.00$ areas before any new attempt to rise.
The expected trading range for today is between 102000.00$ support and 108000.00$ resistance.
Trend forecast: Bullish