|
GBPJPY touches the moving average – Analysis – 18-7-2018
The GBPJPY pair ended its intraday rebound yesterday by facing the moving average 55 at 148.00, to form the initial support against the bullish attempts, assuring the importance of this support line stability to increase the chances of resuming the bullish attack that will target 149.40 level followed by reaching the first main target at 150.80.
Stochastic release from the overbought areas might force the price to provide intraday sideways trading until gathering new positive momentum to confirm the preparation to achieve the suggested targets.
Expected trading range for today is between 147.25 and 149.40
Expected trend for today: Bullish
Thanks for your feedback.
No change to the EURJPY – Analysis – 18-7-2018
The EURJPY pair was forced to show some intraday rebound by moving towards 131.50 level, affected by stochastic attempt to exit the overbought areas, assuring the importance of the stability of 131.00 support line today to confirm the continuation of the positivity, to increase the chances of rallying towards 132.20 that represents the first main target.
MoreNatural gas faces strong negative pressures – Analysis – 18-7-2018
Natural gas price touched 2.750 level recently, which forms 50% Fibonacci correction level, while the continuous negative pressures that comes by the stability of the moving average 55 above the current price besides stochastic attempt to crawl towards the oversold areas confirms the preparation to resume the bearish attack, to expect moving towards 2.660 followed by extend trading towards the key support at 2.550.
MoreCHINA50 index prepares to resume the negativity – Analysis – 18-7-2018
The Chinese index (CHINA50) kept its stability within the main bearish channel, to notice getting new negative close below the moving average 55 that supports the stability of the initial resistance at 11540, which confirms the preparation to resume the bearish attack and repeat the pressure on 11055 level followed by extending trading towards the main negative station at 10810.
More