The GBPJPY pair succeeded to face the negative pressures by its rally above the critical support at 187.50, increasing the chances for its stability within the bullish channel’s levels and begin forming bullish waves, noticing its stability near 188.70.

Note that forming more of the bullish attempts is important to surpass the obstacle at 189.60 level, reinforcing the chances for recording extra gains that might extend towards 190.30 and 191.45, while the failure to breach the obstacle will force the price to provide mixed trading, we should confirm that monitoring the price is important in case declining to the critical support, to avoid any losses that might be caused by exiting the bullish track.

The expected trading range for today is between 187.90 and 190.30

Trend forecast: Bullish

Alphabet’s stock price (GOOG) was in free fall in latest intraday trading, amid negative signals from the Stochastic, with the price reaching the pivotal support of $148.20, hurt by piercing the main upward trend line previously in the medium term, while continuing to trade below the 50-day SMA.

 
A breach of the pivotal support of $148.20 would bolster the downward trend in upcoming trading, thus targeting the first support at $131.55.

Today’s price forecast: Bearish

Tesla’s stock price (TSLA) fell in latest intraday trading after retesting the main upward trend line that was breached previously, amid negative pressure due to trading below the 50-day SMA, while a negative divergence starts forming in the Stochastic after reaching overbought levels compared to the price’s movements, thus sending out negative signals momentarily.

Therefore we expect more losses for the stock in upcoming trading, targeting the first important support at $217.00, provided the resistance of $271.00 holds on.

 
Today’s price forecast: Bearish

Apple’s stock price (AAPL) tumbled in latest intraday trading, amid the dominance of the downward correctional trend, while the price is hurt by a negative technical pattern that formed in the short term, the Head and Shoulders pattern, with negative signals streaming from the Stochastic after forming a negative divergence, which bolstered the downward trend.

 
Therefore we expect more losses for the price, targeting the first support at $178.35 as a price target for the forming Head and Shoulders pattern.

 
Today’s price forecast: Bearish