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The GBPCHF settles below the resistance – Analysis – 25-1-2024
The GBPCHF pair provided many negative closings below the bearish channel’s resistance at 1.1040, to start activating the decline and notice its consolidation near 1.0985, also, the MA55 approach to the major resistance confirms confining trades within the negative track, to increase the chances of targeting new negative stations that might start at 1.0940 and 1.0905.
We notice stochastic exit from the overbought areas, to confirm getting rid of the positive pressures and provide the chance to gather the required negative momentum to motivate the previously suggested negative attack.
The expected trading range for today is between 1.1010 and 1.0940
The expected trend for today: Bearish
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Natural gas price postpones the decline – Analysis – 25-1-2024
Natural gas price confirmed postponing the negative attack by fluctuating within the sideways track represented by the major support 2.400 and 3.050 that forms the main obstacle against the attempts to regain the bullish bias as appears on the chart.
MoreThe EURJPY touches the correctional target – Analysis – 25-1-2024
The EURJPY pair touched the first correctional target by reaching 160.00, to form solid obstacle against the negative trades and form quick rebound towards 160.65, while the continuous stability below 161.75 resistance and forming additional barrier at 161.10 allow us to wait to gather the additional negative momentum to manage to renew the negative attempts that might target 159.60.
MoreThe GBPJPY under the negative effect – Analysis – 25-1-2024
The GBPJPY pair has no escape from resuming the negative attempts by providing new closings below the main resistance 189.50, in addition to stochastic continuous negative momentum by approaching 50 level, thus, we will keep waiting to confirm breaking the initial support 187.30 and open the way resume the negative attack, reminding you that the initial targets located at 186.55 followed by reaching 185.15 to press on 38.2% Fibonacci correction level that appears on the chart.
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