|
EUR/JPY awaits a barrier breach - Analysis - 02-08-2023
The pair touched 157.50 yesterday, which is an extension to an additional barrier as shown in the attached chart, forcing the pair to hold below it amid some negative volatility, with the stock attempting to gather positive momentum in upcoming trading.
Currently, the Stochastic indicator is sneaking towards overbought levels, therefore we await the price's breach of the additional barrier to carry out more gains later near 157.90 and 159.00, while volatility below the barrier could activate the correctional downward trend for the time being, towards 156.10, and 155.30 before registering new positive targets.
Expected trading range for today is between 156.20 and 157.90..
Expected trend for today: Bullish
Thanks for your feedback.
Natural gas prices seek a breakout - Analysis - 02-08-2023
Gas prices carried on their sideways trading until this moment, as the barrier of 2.750 continues to strengthen, while the barrier of 2.550 represents a strong support against any new losses.
MoreGBP/AUD could target the resistance - Analysis - 02-08-2023
The pair continued to form upward correctional waves in recent trading, impacted by additional support at 1.9150, with positive spin from major indices, as the pair heads for 1.9400.
MoreUS Dollar/Swiss Franc pair tries to correct downward trend - Analysis - 02-08-2023
The USD/CHF pair rose in the intraday levels while attempting to correct the main downward trend in the medium term, as the pair trades alongside the trend line, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.
More