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The CHFJPY renews the positive action – Analysis – 31-7-2023

Economies.com
2023-07-31 05:26AM UTC

The CHFJPY pair extended positively recently due to the main stability within the bullish channel, to surpass the MA55 at 161.40 and achieve many positive gains by touching 162.80 level.

 

The price has no escape from resuming the bullish attack due to stochastic additional positive momentum signals, thus, we will keep waiting to reach 163.35 level soon, followed by attempting to surpass the recently recorded high at 164.00.

 

The expected trading range for today is between 162.20 and 163.35

 

The expected trend for today: Bullish

Natural gas price enters new lethargy – Analysis – 31-7-2023

Economies.com
2023-07-31 05:25AM UTC

Natural gas price entered new lethargy due to the frequent sideways fluctuation between the additional support 2.550 and 2.750 resistance that forms obstacle against the previously suggested bullish rally.

 

Also, the major indicators contradict, to support the domination of the sideways bias, to recommend staying neutral and waiting to surpass one of the major levels to manage to detect the next targets.

 

The expected trading range for today is between 2.750 and 2.550

 

The expected trend for today: Neutral

The EURJPY covers all the losses – Analysis – 31-7-2023

Economies.com
2023-07-31 05:23AM UTC

The EURJPY pair succeeded to cover all the recent losses by forming new bullish rally and surpass 154.45 level to settle within the bullish track, to start recording some gains by reaching 156.20.

 

Now, the positive momentum coming by the major indicators will increase the chances of resuming the bullish attempts, to expect targeting many stations that might start at 156.70 followed by pressing on 157.40 obstacle in order to find a way to resume the bullish attack in the upcoming period.

 

The expected trading range for today is between 155.30 and 156.70

 

The expected trend for today: Bullish

The GBPJPY returns to the bullish track – Analysis – 31-7-2023

Economies.com
2023-07-31 05:23AM UTC

The GBPJPY pair got rid of the negative pressures by rallying above 179.35 level, to settle within the bullish channel and notice achieving some gains by reaching 182.35.

 

The price has no escape from resuming the bullish track, due to the major indicators that agree to provide the positive momentum, to expect targeting 183.55 level soon, while surpassing it might extend trades towards 184.80, to form the next main target for the bullish trades.

 

The expected trading range for today is between 181.60 and 183.50

 

The expected trend for today: Bullish