The GBPUSD pair leaned on the EMA50 and bounced bullishly from there, to keep the bullish trend scenario valid and active for the upcoming period, organized inside the bullish channel that appears on the chart, waiting to visit 1.3955 as a next main target.

Note that the continuation of the expected bullish wave requires holding above 1.3810 and the most important above 1.3770.

The expected trading range for today is between 1.3780 support and 1.3950 resistance.

The expected trend for today: Bullish

The EURUSD pair tests the intraday bearish channel’s resistance that appears on the chart, and the EMA50 meets this resistance to add more strength to it, while stochastic loses its positive momentum to enter the overbought areas.

Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its targets begin by breaking 1.1780 to confirm heading towards 1.1700, noting that breaching 1.1830 will motivate the price to achieve additional gains that target attacking 1.1888 and attempt to turn to rise.

The expected trading range for today is between 1.1730 support and 1.1870 resistance.

The expected trend for today: Bearish

Crude oil price reached 71.05 level and bounced bearishly from there, and it might retest the breached resistance that appears on the chart before turning back to rise again, to continue suggesting the main bullish trend conditioned by the price stability above 69.25, reminding you that the extended target reaches 73.30.

The EURUSD pair found solid support at 1.1780, to show bullish rebound and test 1.1800 barrier, waiting to resume the negative trades to break the mentioned support and confirm rallying towards 1.1700 as a next negative station, reminding you that it is important to hold below 1.1888 to continue the expected decline.