The USDJPY achieves clear gains – Analysis - 25-02-2021
The USDJPY pair provided clear positive trades yesterday to settle around 106.00 barrier, reinforcing the expectations of continuing the bullish trend inside the bullish channel that appears on the chart, waiting to test 106.44 as a next main target.
Stochastic current negativity might cause temporary sideways fluctuation before resuming the expected rise, noting that the continuation of the bullish wave depends on the price stability above 105.20.
The expected trading range for today is between 105.40 support and 106.60 resistance
The expected trend for today: Bullish
The GBPUSD heads to recover - Analysis - 25-02-2021
The GBPUSD pair’s decline stopped at 1.4080 level, and begins to rebound bullishly to hint heading to resume the main bullish trend, which makes us expect stopping yesterday’s suggested negative scenario, noticing that stochastic provides clear positive signals that support the chances of achieving more gains in the upcoming sessions.
Our expected positive targets begin at 1.4230 followed by 1.4275, taking into consideration that breaking 1.4070 will press on the price to achieve new decline that targets visiting 1.3890 areas before any new attempt to rise.
The expected trading range for today is between 1.4070 support and 1.4250 resistance.
The expected trend for today: Bullish
The EURUSD continues the attempts to breach – Analysis - 25-02-2021
The EURUSD pair shows more attempts to breach 1.2173 level, as it begins today with new bullish bias to test the mentioned level, supported by the EMA50 that continues to carry the price from below, which supports the continuation of our bullish overview, which targets 1.2300 as a next main station.
On the other hand, we should note that breaking 1.2120 will put the price under intraday negative pressure that targets testing 1.2064 areas before any new attempt to rise.
The expected trading range for today is between 1.2100 support and 1.2260 resistance.
The expected trend for today: Bullish
Update: Gold price attempts to recover
Gold price bounced upwards strongly after the decline that it witnessed in the previous sessions, to test the key resistance 1800.00, and the price needs to hold below this level to keep the bearish trend scenario active for the upcoming period, which targets 1765.00 followed by 1740.00 levels, noting that breaching 1800.00 will lead the price to recover and head towards 1820.00 initially.