FXEM - EMPIRE MARKETS - Company New Article

The GBP/USD price made new strong negative trades to exceed the 1.2200 barrier and pave the way for continuing the decline in the short and medium term, noting that we are waiting to visit the 1.2115 levels and then 1.2065 as the next main targets.

Stability below 1.2300 is important for the expected decline to continue, as breaching it may push the price to build an immediate bullish wave targeting the 1.2515 levels before any new negative attempt.

EUR/USD trading is stable at 1.02114, waiting to break this level to confirm opening the way for continuing the decline in the immediate and short term, as our next target is at 1.0100.

Please note that failure to achieve the required break will lead the price to start recovery attempts and achieve gains starting at 1.0325 and may extend to 1.0385 before any new attempt to decline.