Midday update for the GBPUSD 28-06-2022
The GBPUSD pair didn’t show any strong move since morning, to continue fluctuating around the bullish channel’s support line, thus, no change to the bullish trend scenario that depends on the price stability above 1.2205, noting that we are waiting to visit 1.2490 as a next main target.
The expected trading range for today is between 1.2200 support and 1.2370 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 28-06-2022
The EURUSD pair resumes its positive trading to test 1.0600 level again, reinforcing the expectations of continuing the bullish trend for the rest of the day, which its next main target located at 1.0670, noting that the EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 1.0570.
The expected trading range for today is between 1.0520 support and 1.0670 resistance.
The expected trend for today: Bullish
The CHFJPY needs new momentum – Analysis – 28-6-2022
The CHFJPY pair achieved many positive gains recently by reaching 141.92, while the positivity is caused by the consolidation above the breached resistance at 139.20, to form the major support against the bullish attempts now.
We assure the importance of gathering the additional positive momentum to assist to block trades above 140.40 level, to ease the mission of surpassing 142.35 obstacle and open the way to record more gains by moving towards 143.40 and 144.60 levels.
The expected trading range for today is between 140.40 and 142.35
The expected trend for today: Bullish
IBEX index hits the initial support – Analysis – 28-6-2022
IBEX index failed to resume the negative attack by facing the initial support at 7950 that formed the first target for the bearish track, to force it to form temporary rebound by reaching 8280.
Note that the main stability within the bearish channel and the moving average 55 continuous forming to additional barrier by settling near 8465 in addition to stochastic continuous negative momentum signals allow us to keep the negative overview, to expect breaking the current support and reach new negative stations that might start at 7740 and 7480.
The expected trading range for today is between 8300 and 7950
The expected trend for today: Bearish