FXEM - EMPIRE MARKETS - Company New Article

The GBP/USD price is trading with noticeable positivity to attack the 1.2615 level and is trying to confirm its breach, which requires attention from the upcoming trades, as confirming the breach will push the price to continue rising and visit the 1.2735 level as a next positive target, while consolidation below it will revive the bearish wave whose next target is at 1.2505.

Therefore, we advise to remain neutral until the price confirms its position regarding the 1.2615 level and then determine the next destination more accurately.

EUR/USD price shows more bullish bias to test the 1.0400 barrier, waiting for a negative incentive that will push the price to decline again and resume the expected bearish trend for today, reminding that we are waiting for a break of 1.0333 to confirm opening the way to visit the 1.0250 level as a next target, while the expected decline will remain in place unless the 1.0475 level is breached and stabilized above it.