|
GBPJPY is slow – Analysis – 22-1-2018
The GBPJPY pair was forced to provide slow sideways trading recently despite its consolidation within the bullish channel, affected by stochastic exit from the overbought areas, which confirms the domination of the sideways bias for the near term period until gathering new positive momentum followed by repeating the attempts to reach the next positive target at 155.90.
We notice the consolidation of the moving average 55 below the current price to reinforce blocking the price within the bullish range, also, we notice 151.85 forming additional support to assist to confirm the bullish bias domination for the upcoming trading.
Expected trading range for today is between 151.85 and 155.90
Expected trend for today: Bullish
Thanks for your feedback.
EURJPY is weak – Analysis – 22-1-2018
The EURJPY pair did not take advantage of the positive factors caused by its consolidation within the bullish channel, to surrender to stochastic negativity that settles below 50 level now, noticing that price fluctuation below 135.50 level to increase the chances of forming negative rebound and attempt to test the bullish channel’s support line at 133.80.
MoreEURAUD prepares to decline – Analysis – 22-1-2018
The EURAUD pair ended its positive rebound by testing the bearish channel’s resistance around 1.5425, noticing its crawl below the moving average 55, while the continuation of the current resistance line stability confirms the price preparation to build strong negative attack, expecting to target 1.5210 level first, and the continuous negative pressures might push the price to reach the main support at 1.5070.
MoreLitecoin loses momentum – Analysis - 22-01-2018
Litecoin price continues to fluctuate around the key resistance 198.26, keeping its stability below it, which keeps the negative pressure valid until now, supported by the EMA50 that meets the mentioned level, besides stochastic losing the bullish momentum and entering the overbought areas.
More