|
The CADJPY repeats the negative closings – Analysis – 7-2-2024
Despite the CADJPY pair’s affect by the recent sideways track and settling near 109.75, providing frequent negative closings below the major resistance 110.30 confirms the continuation of the negativity for the upcoming trading.
Now, stochastic crawl below 80 will increase the chances of gathering the negative momentum, to increase the negative pressures in order to activate the negative attack, to expect reaching 108.90 followed by attempting to press on the MA55 at 108.25.
The expected trading range for today is between 109.90 and 108.90
The expected trend for today: Bearish
Natural gas price crawls calmly – Analysis – 7-2-2024
Natural gas price started to form new negative crawl to move away from 2.500 barrier and settle near 2.020, also, stochastic negative momentum will increase the negative pressures to ease the mission of reaching the negative stations at 1.850 and 1.560.
The expected trading range for today is between 2.150 and 1.850
The expected trend for today: Bearish
The EURJPY has to decline – Analysis – 7-2-2024
Despite the EURJPY pair’s slow sideways trades near 159.20, the main stability within the bearish channel increases the chances of activating the previously suggested negative attack.
The stability of the main resistance at 159.90 and the major indicators attempt to provide the negative momentum, that will increase the chances of resuming the negative attack, reminding you that the next targets are located near 158.75 followed by reaching 158.30.
The expected trading range for today is between 159.45 and 158.30
The expected trend for today: Bearish
The GBPJPY still bearish – Analysis – 7-2-2024
Despite the GBPJPY pair’s postpone to the negative attack yesterday and providing new close near 186.60, that won’t affect the main bearish track, depending on the stability of 189.00 resistance line, besides stochastic negative momentum signals.
These factors allow us to wait to activate the negative attack by targeting 185.55 followed by attempting to break 38.2% Fibonacci correction level at 185.10, to open the way to resume the decline in the upcoming period.
The expected trading range for today is between 187.10 and 185.60
The expected trend for today: Bearish