The British index hits the initial target– Analysis – 7-4-2021
The British index trading extended to the upside recently, achieving the initial target at 6850.00, to face 23.60% Fibonacci correction level that appears in the image, forming an extra support at 6620.00 that represents the moving average 55 makes us expect the continuation of forming bullish waves, to target the resistance at 6942.00 then monitor its behavior to detect the main trend in the futuristic trading.
The expected trading range for today is between 6775.00 and 6940.00
The expected trend for today: Bullish
Nikkei settles above the support – Analysis – 7-4-2021
Nikkei remains stable until this moment above the minor bullish channel’s support near 28665.00, to confirm its readiness to resume the expected bullish attack.
Holding above 30070.00 barrier is important to ease the mission of reaching the new historical stations that begin at 30900.00 and 31405.00.
The expected trading range for today is between 29100.00 and 30300.000
The expected trend for today: Bullish
The EURJPY repeats the fluctuation within the bullish track – Analysis – 7-4-2021
No news for the EURJPY pair trading until this moment, to notice its fluctuation within the bullish channel’s level, and its leans on the positive momentum at 130.30, so the stability of the main support at 129.20 and the continuation of the attempt of providing positive momentum by the main indicators, which form confirming factors for the positivity, to expect surpassing 130.75 level, reaching 131.60 and 132.70 directly.
The expected trading range for today is between 129.80 and 130.75
The expected trend for today: Bullish
The GBPJPY rests – Analysis – 7-4-2021
The GBPJPY pair began gathering gains, attempting to rest after achieving 153.40, to notice its fluctuation near the support level near 151.70.
And that will not affect the main bullish track due to the stability of 150.10 level, to form an important support against the current fluctuation, therefore, we will keep waiting for gathering extra positive momentum, which increases the chances for recording new positive targets that might extend to 153.90 reaching to the bullish channel’s resistance at 154.60.
The expected trading range for today is between 151.50 and 153.30
The expected trend for today: Bullish