Midday Report

Multiple confirmation signs for the expected bullishness occurred during the previous session as the royal pair was capable of breaching the Fibonacci expansion level, accompanied by a positive closing above it and a bullish candlestick structure, besides penetrating the upper line of keltner channel and positive signals appeared on indicators. Hence, we will keep our overview to the upside, targeting 0.8905 areas.

The trading range is among the key support at 0.8585 and key resistance now at 0.8960.

The general trend is to the upside as far as 0.8020 area remains intact with targets at 1.0000 followed by 1.0400 levels.

RecommendationOur morning expectation is still valid