The GBPUSD pair managed to breach 1.2590 strongly to confirm the continuation of the bullish trend domination, organized inside the bullish channel that appears on the chart, which reinforces the chances of achieving more positive targets that start at 1.2725 and extend to 1.2860.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 1.2590 – 1.2560 levels.
The expected trading range for today is between 1.2590 support and 1.2750 resistance.
The expected trend for today: Bullish
The EURUSD pair resumed its positive trading strongly to reach our waited target at 1.0770, getting continuous positive support by the EMA50 that reinforces the chances of surpassing the mentioned level to open the way to achieve additional gains that reach 1.0865.
Therefore, we expect to witness more rise in the upcoming sessions, noting that failing to achieve the required breach will press on the price to test 1.0670 areas before any new attempt to rise.
The expected trading range for today is between 1.0700 support and 1.0850 resistance.
The expected trend for today: Bullish
American Express' stock (AXP) rose 3.14% in the last session, or 4.88 points, settling at 160.51, with trading volumes surpassing 4.3 million shares, above 10-day averages of 3.3 million shares, amid the dominance of the downward correctional trend in the short term, while hurt by piercing the main upward trend line previously, amid negative pressure from the 50-day SMA, while the RSI reached overbought levels.
Therefore we expect the stock to return lower, targeting the pivotal support of 149.89, provided the resistance of 164.83.
Expected trend for today: Bearish
Express' stock (EXPR) rose in the intraday levels after the retailer marked a less-than-expected loss in the first quarter, marking a profit of 6.72% in the last session, or 16 cents, and settling at 2.54, with trading volumes surpassing 11.7 million shares, above 10-day trading averages at 4.4 million shares.
The stock is moving alongside the downward short-term trend line, with negative pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels, amid attempts to vent off oversold saturation.
Therefore we expect the stock to return lower, targeting the support of 1.82, provided it settles below the resistance of 2.83.
Expected trend for today: Bearish