The GBPUSD pair bounced downwards strongly after finding solid resistance at 1.2700$, to break 1.2580$ and hint heading to achieve new bearish correction in the upcoming period, opening the way to target 1.2480$ areas as a next main station.
Therefore, the bearish bias will be expected for the upcoming sessions, taking into consideration that trading above 1.2580$ again will revive the chances of regaining the main bullish trend to head towards testing 1.2700$ initially.
The EURUSD pair declined strongly to succeed achieving our waited target at 1.0765$, noticing that the price presses on this level to confirm breaking it and attempts to hold below it, reinforcing the expectations of extend the bearish wave in the upcoming period, reminding you that our next target reaches 1.0645$, while holding below 1.0765$ represents initial condition to the continuation of the expected decline.
The Goodyear Tire & Rubber Company’s stock price (GT) rose in the intraday levels after leaning on the support of the 50-day SMA previously, lending the stock momentum that helped it snag these gains.
There’s solid dominance of the upward short-term trend, and positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the first resistance at $14.85, provided the support of $12.65 holds on.
Trend forecast: Bullish
Take-Two Interactive Software’s stock price (TTWO) advanced in the intraday levels after shaking off negative pressure from the 50-day SMA, amid the dominance of the upward short-term trend, and with positive signals from the RSI despite reaching overbought levels.
Therefore we expect more gains for the stock, targeting the resistance of $164.00, provided it settles above $153.60.
Trend forecast: Bullish