The GBPJPY pair continued its bullish rally, getting advantage from the positive momentum that comes from the main indicators, to notice achieving new positive level at 149.32, therefore, we will keep the bullish suggestion, surpassing the achieved top at 149.75 makes us expect reaching 38.2% Fibonacci correction level at 150.45.
We should mention that losing the positive momentum might delay the bullish attack, which forces the price to form an intraday negative rebound to test the initial support at 147.80, then build new bullish trading until reaching the suggested target.
Expected trading range for today is between 148.30 and 150.45
Expected trend for today: Bullish
The EURJPY pair formed some of the sideways fluctuated moves due to facing 130.15 level, which forms an intraday barrier against the bullish attack, forming an extra support at 129.55 level make us expect renewing the bullish attempts to surpass the sideways barrier, reaching to the minor bullish channel’s resistance at 130.55.
The stability of the moving average 55 below the price trading confirms the price confinement within the bullish range, besides stochastic fluctuation near 80 level that eases the way for gaining new positive momentum, to increase the chances for reaching the suggested target.
Expected trading range for today is between 129.55 and 130.55
Expected trend for today: Bullish
Nikkei price announced forming a bullish rally and surpassing the resistance at 22050 shows that its regains the bullish bias, to reach to the moving average 55, the price needs new positive momentum that allows it to surpass the current barrier, to open the way towards more of the positive targets by reaching 22980 and 23515.
Stochastic rally to the upside and its stability within the overbought level increases the chances for gaining the required positive momentum to resume the positive targets in the near and medium period.
Expected trading range for today is between 22200 and 22980
Expected trend for today: Bullish