Midday update for the EURUSD 10-01-2022
The EURUSD pair settles around the EMA50, and as long as the price is below 1.1375, our bearish overview will remain valid and active for the upcoming period, motivated by the negative overlapping signal that appears on stochastic, reminding you that we are waiting to visit 1.1285 followed by 1.1150 levels after surpassing the previous level.
The expected trading range for today is between 1.1250 support and 1.1400 resistance.
The expected trend for today: Bearish
The CADJPY resumes the rise – Analysis – 10-1-2022
The CADJPY pair leaned above 90.75 level recently, to form the additional support against the bullish trades, noticing recording the first target at 91.60 and confirm surrendering to the domination of the bullish bias.
Note that the main stability within the bullish channel and stochastic attempt to provide the positive momentum support our bullish overview, to keep waiting to record new positive targets that might start at 92.15 followed by reaching the previous recorded high at 93.00.
The expected trading range for today is between 91.25 and 92.15
The expected trend for today: Bullish
The EURJPY repeats the positive closings – Analysis – 10-1-2022
Despite the EURJPY pair’s recent weak trades, the frequent positive stability above the additional support 129.85 and fluctuating above 23.6% Fibonacci correction level recently at 130.80 allow us to keep the expected bullish overview.
Therefore, we will keep waiting to gather the additional positive momentum to manage to form new bullish rally and manage to record more positive targets, located now near 131.85 and 132.45.
The expected trading range for today is between 130.80 and 131.85
The expected trend for today: Bullish
The GBPJPY repeats the pressure on the barrier – Analysis – 10-1-2022
The GBPJPY pair started to form new bullish wave to press on 157.40 barrier in order to find a way to resume the bullish attack and decrease the chances of suffering additional losses as expected previously.
The price depends on 156.00 level forming additional support, while we assure the importance of waiting to achieve the required breach and get new positive close to reinforce the continuation of the positivity that might target 158.60 followed by reaching the psychological barrier at 160.00.
The expected trading range for today is between 156.50 and 157.40
The expected trend for today: Sideways