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The GBPAUD hits the second target – Analysis – 1-5-2023
The GBPAUD pair formed strong bullish rally recently, to move away from 1.8450 support and achieve many gains by reaching the second main target at 1.9030, while this level might form intraday barrier against the bullish attempts, to expect forming temporary sideways fluctuation until achieving the required breach followed by starting to target the additional stations by rallying towards .9160 followed by reaching 1.9370 in the upcoming period.
Stochastic continuous fluctuation within the overbought areas will assist to renew the bullish attempts in the near term period, in addition to 1.8780 level attempt to form the additional support in order to decrease the chances of changing the trend now.
The expected trading range for today is between 1.8845 and 1.9100
The expected trend for today: Bullish
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Natural gas price repeats the sideways fluctuation – Analysis – 1-5-2023
No news for natural gas price, to continue fluctuating within the sideways track represented by 1.950 support and 2.500 resistance that keeps hindering the correctional bullish attempts.
MoreThe EURJPY attempts to enter the bullish channel – Analysis – 1-5-2023
The EURJPY pair trades extended towards 150.85 this morning, attempting to enter the bullish channel to confirm the continuation of the positivity for the upcoming period, while we will depend on 149.35 level forming the additional support in addition to the continuous positive momentum coming by the major indicators to ease the mission of providing positive closings within the bullish channel, to target more positive stations by rallying towards 151.45 followed by reaching the next main target at 152.15.
MoreThe GBPJPY achieves big gains – Analysis – 1-5-2023
The GBPJPY pair took advantage of entering the bullish channel by surpassing 167.50 level, to notice forming strong bullish rally and achieve big gains by touching 171.15 level, expecting to form additional support at 169.25 to increase the efficiency of the bullish track, to expect moving towards the target at 142.50, while surpassing it might extend trades towards the next main target at 173.65.
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