Midday update for the GBPUSD 25-01-2021
The GBPUSD pair trades with clear positivity towards new potential test to 1.3645, which represents the first protection factor to the continuation of the expected bullish trend for today, which targets 1.3815 areas on the near term basis, noting that breaking 1.3645 followed by 1.3580 levels will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1.3600 support and 1.3780 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 25-01-2021
The EURUSD pair faces negative pressure to test 1.2145 level, and as we mentioned in our morning report, the price needs to hold above this level to keep the bullish trend active for today, as breaking it will press on the price to head towards 1.2064 areas before any new attempt to rise, while the price needs to surpass 1.2173 to reinforce the chances of resuming the bullish trend that its next target located at 1.2300.
The expected trading range for today is between 1.2100 support and 1.2270 resistance.
The expected trend for today: Bullish
The CADCHF holds above the moving average – Analysis – 25-1-2021
The CADCHF pair ended its correctional bearish rebound by settling above the EMA50 at 0.6945, to form additional support against the main bullish trades and rebound towards 0.6975.
We notice the price consolidation within the main bullish channel, which allows us to wait to gather the positive momentum again to ease the mission of reaching the positive targets that start at 0.7025 followed by 0.7095 levels in the upcoming period.
The expected trading range for today is between 0.6950 and 0.7025
The expected trend for today: Bullish
The EURJPY keeps the bullish attempts – Analysis – 25-1-2021
The EURJPY pair continued to provide positive trades since confirming its stability above 125.00 support line, to notice recording 126.40 level and holding above it, while stochastic attempt to crawl within the overbought areas allows us to suggest more rise that might target 129.90 resistance, followed by monitoring the price behavior due to the importance of this barrier to detect the next main trend.
The expected trading range for today is between 125.80 and 126.90
The expected trend for today: Bullish