The EURJPY pair provided a strong bullish rebound after hitting 158.20 level, announcing delaying the negative trading by surpassing the bearish channel’s resistance at 160.90, to notice achieving some of the gains by hitting 161.95 level.

Note that the stability of the moving average 55 below the current trading will increase the chances for gathering the positive momentum, which provides chances for targeting more of the positive stations, by surpassing 162.50 level, then repeat the pressure on 163.25 barrier, while the price return to settle below 160.90 will cancel the bullish suggestion, which forces it to activate the negative attack again by targeting 160.10 level initially.

The expected trading range for today is between 160.90 and 162.50

Trend forecast: Bullish

Alphabet’s stock price (GOOG) was in free fall in latest intraday trading, amid negative signals from the Stochastic, with the price reaching the pivotal support of $148.20, hurt by piercing the main upward trend line previously in the medium term, while continuing to trade below the 50-day SMA.

 
A breach of the pivotal support of $148.20 would bolster the downward trend in upcoming trading, thus targeting the first support at $131.55.

Today’s price forecast: Bearish

Tesla’s stock price (TSLA) fell in latest intraday trading after retesting the main upward trend line that was breached previously, amid negative pressure due to trading below the 50-day SMA, while a negative divergence starts forming in the Stochastic after reaching overbought levels compared to the price’s movements, thus sending out negative signals momentarily.

Therefore we expect more losses for the stock in upcoming trading, targeting the first important support at $217.00, provided the resistance of $271.00 holds on.

 
Today’s price forecast: Bearish

Apple’s stock price (AAPL) tumbled in latest intraday trading, amid the dominance of the downward correctional trend, while the price is hurt by a negative technical pattern that formed in the short term, the Head and Shoulders pattern, with negative signals streaming from the Stochastic after forming a negative divergence, which bolstered the downward trend.

 
Therefore we expect more losses for the price, targeting the first support at $178.35 as a price target for the forming Head and Shoulders pattern.

 
Today’s price forecast: Bearish