Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

The GBPUSD under more negative pressure - Analysis - 21-07-2021

Economies.com
2021-07-21 04:38AM UTC

The GBPUSD pair found solid support at 1.3570, and by taking a deeper look at the chart, we find that the price completed drawing double top pattern that we expect to press on the price to achieve more decline on the short term and medium term basis, noting that breaking the mentioned support will push the price to 1.3450 areas as a next main station.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.3680.

 

The expected trading range for today is between 1.3520 support and 1.3700 resistance.

 

The expected trend for today: Bearish

The EURUSD attempts to break – Analysis - 21-07-2021

Economies.com
2021-07-21 04:38AM UTC

The EURUSD pair continues the attempts to break 1.1780 level and moves below it now, to keep the bearish trend scenario valid and active on the intraday and short term basis, organized inside the bearish channel that appears on the chart, waiting to visit 1.1700 as a next main target.

 

The EMA50 supports the suggested bearish wave, noting that breaching 1.1805 will push the price to test 1.1888 areas before any new attempt to decline.

 

The expected trading range for today is between 1.1690 support and 1.1840 resistance.

 

The expected trend for today: Bearish

Update: Crude oil price touches the extended target

Economies.com
2021-07-20 15:34PM UTC

Crude oil price succeeded to touch our waited target at 65.20 and shows some bullish bias to test the key resistance 67.45, and we need to monitor the upcoming trades, as surpassing this resistance will lead the price to achieve more gains and recover to head towards 69.25 as a next positive station, while breaking 65.20 represents the key to achieve additional losses that extend to 62.90 followed by 61.55.

Update: Silver price surpasses the target

Economies.com
2021-07-20 15:34PM UTC

Silver price managed to touch our waited target at 24.95 and broke it to trade below it now, reinforcing the expectations of extending the bearish wave on the short term basis, as our next main target is located at 23.76, while holding below 24.95 represents the first condition to achieve it.

Frequently asked questions

What is the price of GBP/USD today?

The price of GBP/USD is $1.3498 (2025-07-11 23:35PM UTC)