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The GBPUSD tests the key support - Analysis - 25-01-2023

Economies.com
2023-01-25 04:36AM UTC

The GBPUSD pair provided more negative trades to break the intraday bullish channel’s support line and test the critical support 1.2320, noticing that the price consolidates above this support until now, accompanied by witnessing positive signals through stochastic, which supports the chances of resuming the bullish trend that its targets begin by breaching 1.2440 to open the way to head towards 1.2590.

 

On the other hand, we should note that breaking 1.2320 will put the price under additional negative pressure that targets 1.2160 areas initially.

 

The expected trading range for today is between 1.2250 support and 1.2420 resistance.

 

The expected trend for today: Bullish

The EURUSD crawls upwards - 25-01-2023

Economies.com
2023-01-25 04:36AM UTC

The EURUSD pair trades with calm positivity to test 1.0900 barrier, getting continuous support by the EMA50, to keep the bullish trend scenario active for the upcoming period, waiting to visit 1.1030 as a next main target.

 

Holding above 1.0840 is important to continue the expected rise, as breaking it will press on the price to test the most important support at 1.0745 before any new positive attempt.

 

The expected trading range for today is between 1.0820 support and 1.0970 resistance.

 

The expected trend for today: Bullish

City Group extends gains - Analysis - 24-01-2023

Economies.com
2023-01-24 12:09PM UTC

City Group's stock (C) rose in the intraday levels, amid the dominance of the upward correctional wave in the short term, with positive support from the 50-day SMA, coupled with positive signals from the RSI after venting off overbought saturation. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 54.40, provided the support of 47.85 holds on.

 

Expected trend for today: Bullish

Manchester United driven lower by current resistance - Analysis - 24-01-2023

Economies.com
2023-01-24 12:09PM UTC

Manchester United's stock (MANU) fell in the intraday levels after the resistance of 23.35, as traders collect profits while the stock gathers momentum to rise anew, amid the dominance of the main upward short-term trend, with positive signals from the RSI after reaching oversold levels, with positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the resistance of 25.30, provided the resistance of 23.35 was breached. 

 

Expected trend for today: Bullish

Frequently asked questions

What is the price of GBP/USD today?

The price of GBP/USD is $1.3383 (2025-07-15 18:35PM UTC)