The GBPJPY pair touched 142.77 level in Friday, announcing its surrender to the main bearish bias, we notice that it attempts to bounce higher on the intraday basis, affected by stochastic attempt to surpass the oversold level until gathering new negative momentum in the near period.

Therefore, we expect the price intraday fluctuation with a possibility to test 144.20 level then expect renewing the negative attack, to target 142.50 reaching to 141.85 level.

Expected trading range for today is between 144.20 and 142.50

Expected trend for today: Bearish

The EURJPY pair is forced to provide an intraday positive rebound after achieving 126.63 level, affected by stochastic rally above 50 level, and that will not effect on the main bearish stability, due to the price stability within the bearish channel that appears in the above image.

Therefore, we will keep waiting for gathering new negative momentum, note that the stability of 127.60 level, which forms an extra resistance, to increase the chances for renewing the negative attack that targets 126.90 level reaching to 126.15 in the medium period.

Expected trading range for today is between 127.60 and 126.15

Expected trend for today: Bearish

Taiwan index price get advantage from the negative circumstances to renew the negative attack, to notice recording 349.2 level, the continuation of the critical resistance stability at 365.1 and providing negative momentum by the main indicators makes us prefer more of the negative attempts, to target 50% Fibonacci correction level at 343.0, and surpassing it will extend the trading in the upcoming period to 335.8.

Expected trading range for today is between 358.8 and 343.0

Expected trend for today: Bearish

Carrefour price confirmed its affection by the bearish bias domination by its repeated stability below the bearish channel’s resistance at 17.15, to begin its negative crawl and achieving 16.43 level, the price needs to break the moving average 55 at 15.85, to open the way towards recording more of the negative targets that are located at 15.00 and 145.55.

Stochastic sharp decline from the overbought level reinforces our bearish suggestion by providing new negative momentum, to support our bearish suggestion and increases the chances for the price reach to the mentioned targets. 

Expected trading range for today is between 16.80 and 15.85

Expected trend for today: Bearish