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The GBPUSD suffers sharp losses – Analysis - 13-03-2020
The GBPUSD pair succeeded to achieve our waited target at 1.2553 and settles around it now, as it attempted to break it yesterday and by today’s open, which hints the price head to continue the decline on the short term basis, paving the way to head towards 1.2325 that represents our next negative station.
Therefore, the negative scenario will remain dominant in the upcoming sessions, noting that the consolidation of 1.2553 level against the negative pressure will push the price to rise and achieve positive targets that start at 1.2920.
The expected trading range for today is between 1.2450 support and 1.2650 resistance.
The expected trend for today: Bearish
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The EURUSD achieves extended targets – Analysis - 13-03-2020
The EURUSD pair consolidated above 1.1050 level after the strong decline that it witnessed yesterday, reminding you that this level represents 61.8% Fibonacci correction for the last bullish wave, to head towards starting new bullish wave, on its way to visit 1.1325 followed by 1.1457 levels as initial positive targets.
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Crude oil price keeps its stability above 31.07 until now, to keep the bullish trend scenario active for the upcoming period, reminding you that our waited targets begin at 34.50 and extend to 38.04, while breaking 31.07 represents negative factor that will press on the price to attack 30.00 barrier initially.
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