Midday update for the EURUSD 28-06-2021
The EURUSD pair shows some slight bullish bias, affected by stochastic positivity, and as long as the price is below 1.1975, our bearish overview will remain valid for today, supported by the EMA50 that presses negatively on the price, reminding you that our targets begin at 1.1888 and extend to 1.1780 after breaking the previous level.
The expected trading range for today is between 1.1840 support and 1.1980 resistance.
The expected trend for today: Bearish
The CADJPY seeks the correctional bearish track – Analysis – 28-6-2021
Despite the CADJPY pair’s consolidation within the bullish channel, the frequent negative fluctuation below 90.95 barrier supports our correctional bearish overview for the near term and medium term period.
We are waiting to gather the negative momentum to push it to reach the additional support at 89.10, while surpassing it might extend losses towards 87.35 to face the moving average 55 in order to renew the bullish attempts again.
The expected trading range for today is between 90.35 and 89.10
The expected trend for today: Bearish
The EURJPY begins to decline – Analysis – 28-6-2021
The EURJPY pair ended the temporary bullish rebound by providing new negative closings below 132.55 resistance, to notice the beginning of forming negative trades that confirm surrendering to the domination of the bearish bias by approaching the first target at 131.80.
Also, stochastic attempt to exit the overbought areas will allow the price to gather the required negative momentum to record the additional negative targets at 131.10 and 129.75.
The expected trading range for today is between 132.50 and 131.10
The expected trend for today: Bearish
The GBPJPY seeks the momentum – Analysis – 28-6-2021
The GBPJPY pair lost the positive momentum on last Friday, to form correctional bearish wave and settle near the initial support 153.40, reminding you that settling within the main bullish channel and 151.80 level forming the first major support allow us to wait to gather the positive momentum and manage to continue the rise to surpass 155.35 level and reach the first additional target at 156.10.
The expected trading range for today is between 153.40 and 155.35
The expected trend for today: Bullish