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Midday update for Gold 22/05/2013

Economies.com
2013-05-22 10:31AM UTC

Gold price shows some slight bullish bias since morning, and remains stuck between the mentioned levels in our morning report between 1353.00 and 1398.00, accordingly, our neutral attitude remains valid until managing to confirm breaching one of these levels.

 

Expected trading range for today is between: 1350.00 support and 1403.00 resistance.

 

Expected trend for today: Neutral

Midday update for GBP USD 22/05/2013

Economies.com
2013-05-22 10:31AM UTC

The pair rallied lower according to the expectations, attempting to settle below 1.5100, and that supports our morning scenario which remains valid and active for today, conditioned by the stability below 1.5190 – 1.5260

 

Expected trading range for today is between: 1.5000 support and 1.5260 resistance.

 

Expected trend for today: Bearish

Midday update for EUR USD 22/05/2013

Economies.com
2013-05-22 10:31AM UTC

The pair continues its positive attempts to surpass the EMA50, as a signal for a potential test 1.2970

 

And as we mentioned this morning, our bearish trend expectations will remain valid and active unless breaching the mentioned level, which will lead to a potential test for levels between 1.3040 and 1.3145

 

Expected trading range for today is between: 1.2800 support and 1.3040 resistance.

 

Expected trend for today: Bearish

EUR JPY settles positively 22/5/2013

Economies.com
2013-05-22 07:49AM UTC

The pair remains stable in its bullish bias attempting to get rid of its obstacle around 132.35 to reach 133.20 which represents the main resistance against the bullish trading, thus we keep our bullish expectation if the initial support 130.90 remained intact for today which is supported by the moving average 55.

 

Stochastic attempts to settle below 80 level which supports the positive trading weakness until gaining the required positive momentum, carefully note that any attempt to break below the initial support level will push the price to create bearish bias to reach 129.80 then 128.80.

 

Expected trading range is between 133.20 and 131.90

 

Expected trend for today: bullish if the initial support remained intact