Midday update for the EURUSD 15-06-2022
The EURUSD pair rallied upwards to breach 1.0465 level and turns to rise on the intraday basis, targeting testing 1.0550 level, being aware that we need to monitor the price when reaching this level, as continuing the rise and breaching it will lead the price to achieve additional gains that reach 1.0670, while consolidating against the bullish rally will press on the price to resume the main bearish trend again.
The expected trading range for today is between 1.0400 support and 1.0550 resistance.
The expected trend for today: Bullish for the rest of the day
Platinum price presses on the support– Analysis – 15-6-2022
Platinum price succeeded to reach the support at 4.1800 in order to find an exit for resuming the expected bearish scenario, note that the continuation of stochastic fluctuation within the oversold level will assist to provide extra negative momentum, to ease the mission of breaking the current support and reaching the extra targets, that might begin at 905.00 and 880.00.
The expected trading range for today is between 940.00 and 905.00
The expected trend for today: Bearish
The GBPJPY repeats the negative fluctuation – Analysis – 15-6-2022
The GBPJPY pair failed to renew the bullish rally, affected by the strength of the barrier at 164.80, which might push it to decline towards 161.35, announcing its surrender to the bearish correctional bias in the current period.
By the above image, we notice stochastic reach to 20 level, to provide extra negative momentum, providing chances for resuming the decline to expect reaching 160.80 and 160.20.
The expected trading range for today is between 162.70 and 165.60
The expected trend for today: Bullish by achieving the condition.
The EURJPY keeps the bearish correctional track– Analysis – 15-6-2022
There is no change on the EURJPY pair’s price bearish correctional track, due to its repeated negative stability below the barrier near 142.25, and the continuation of providing negative momentum by stochastic will increase the chances for forming new negative rally, which allows it to reach near 139.60 and breaking this obstacle might extend the losses to 137.90, which forms an extension for an important support as appears in the above image.
While surpassing the mentioned barrier will end the negative trading, which provides chance for forming new bullish waves, to expect reaching 143.20, then repeat the pressure on the top at 144.25.
The expected trading range for today is between 141.30 and 139.60
The expected trend for today: Bearish