The GBPUSD pair surpassed 1.2320 level and settled above it, to reactivate the bullish trend scenario again, targeting 1.2440 level initially, noting that breaching this level will push the price to 1.2595 areas as a next main station.

Therefore, we expect to witness more rise in the upcoming sessions conditioned by the price stability above 1.2320.

The expected trading range for today is between 1.2320 support and 1.2480 resistance.

The expected trend for today: Bullish

The EURUSD pair rallied upwards strongly to succeed achieving our waited target at 1.1030, moving within major bullish channel that supports the chances of achieving more rise in the upcoming period, noting that breaching the mentioned level will extend the bullish wave to reach 1.1185 areas.

Therefore, the bullish trend scenario will remain suggested on the intraday and short term basis, noting that failing to breach 1.1030 might force the price to rebound bearishly and achieve some intraday bearish correction before turning back to rise again.

The expected trading range for today is between 1.0950 support and 1.1110 resistance.

The expected trend for today: Bullish

Brent oil price bounced downwards strongly to break 85.10 level and stop the positive scenario and head towards achieving more expected decline in the upcoming sessions, targeting 81.30 level as a next negative station, noting that the bearish bias will remain dominant unless the price rallied to breach 85.10 and hold above it.

Crude oil price suffers strong losses to reach the thresholds of 75.65 level, hinting heading to achieve more expected decline in the upcoming period, noting that breaking the mentioned level will extend the bearish wave to reach 73.10 followed by 70.30 levels as next negative stations, while consolidating against the current negative pressure will push the price to start new recovery attempts.