The EURJPY surrenders to the stability of the top – Analysis – 23-6-2022
The EURJPY pair still stable below 144.25 recorded high, to form strong obstacle against the attempt to resume the bullish attack and increase the chances of forming correctional bearish rebound in the upcoming period.
These factors allow us to suggest some correctional decline that might target 142.25 followed by 141.30, while succeeding to achieve the required breach will reinforce the bullish track again, to attempt to reach the additional target at 145.65.
The expected trading range for today is between 144.00 and 142.25
The expected trend for today: Bearish
Nikkei index tends to resume the decline – Analysis – 23-6-2022
Nikkei index still stable within the minor bearish channel, affected by the stability of 26400 resistance that supports the chances of breaking the additional support at 25890 and reach the main stations at 25550 and 25230.
Rallying above the mentioned resistance will force the price to postpone the negative attack, to start providing correctional bullish trades that might push it to reach 26400 followed by testing 38.2% Fibonacci correction level at 26800.
The expected trading range for today is between 26400 and 25750
The expected trend for today: Bearish
IBEX index faces key support – Analysis – 23-6-2022
IBEX index ended its recent negative attack by facing key support at 7950, to hinder the negative stability and force it to form sideways fluctuation by settling near 8060.
Note that the main stability within the bearish channel and stochastic negative momentum will assist to confirm the domination of the bearish bias, to expect settling below 8230 and wait the required break to manage to reach the additional targets at 7730 and 7510.
The expected trading range for today is between 8150 and 7930
The expected trend for today: Sideways
The GBPCHF continues to decline – Analysis – 23-6-2022
The GBPCHF pair continued to provide strong negative trades to settle below 61.8% Fibonacci correction level at 1.1860, to notice crawling towards 1.1765 in order to reinforce the continuation of the suggested negativity.
Stochastic reach to the oversold areas allows us to expect resuming the negative attack, waiting to reach 1.1690 first, while surpassing it might extend trades towards 1.1640 as a next main target for the bearish bias.
The expected trading range for today is between 1.1815 and 1.1680
The expected trend for today: Bearish