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The GBP/USD price stopped rising at 1.2550, and we notice that the price lost its positive momentum to provide signals of heading towards a downward rebound during the upcoming sessions and starting a new bearish wave, on its way to achieving negative targets starting at 1.2400.

From here, we expect to witness negative trading on the immediate and short term, noting that breaching 1.2566 then 1.2595 will stop the expected decline and lead the price to turn higher.

The EUR/USD price continued to rise to reach 1.0435, but we notice that the price faced strong resistance shown in the chart above, accompanied by the appearance of clear negative signals through the Stochastic indicator, which may force the price to stop the upward wave and decline again.

Now, we prefer to remain neutral until we get a clearer signal for the next direction, noting that breaking 1.0355 will confirm the resumption of the main bearish trend to head towards achieving negative targets starting at 1.0275 and extending to 1.0225 as main stations, while breaking 1.0400 represents the key to rushing to achieve more gains and visit the 1.0455 and then 1.0525 areas in the short term.