The USDJPY achieves more bearish correction – Analysis - 14-01-2022
The USDJPY pair broke 114.50 level strongly to touch the expected negative target at 113.60 direct, opening the way to continue the bearish correction, noting that breaking the last level will push the price to 112.75 as a next negative station.
Therefore, the bearish bias will be expected in the upcoming sessions, taking into consideration that failing to break 113.60 will lead the price to start recovery attempts and test 114.65 areas initially.
The expected trading range for today is between 113.00 support and 114.40 resistance
The expected trend for today: Bearish
The GBPUSD gets a positive signal - Analysis - 14-01-2022
The GBPUSD pair begins today with bullish bias that hints heading to resume the main bullish track, motivated by the positive overlapping signal provided by stochastic now, waiting for more rise to visit 1.3815 that represents our next main target.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 1.3660 and holding below it.
The expected trading range for today is between 1.3660 support and 1.3815 resistance.
The expected trend for today: Bullish
The EURUSD completes a positive pattern – Analysis - 14-01-2022
The EURUSD pair completed forming bullish pennant pattern that appears on the chart, as it breaches this pattern’s resistance now, to get positive motive that we are waiting to assist to push the price to resume the bullish trend and head towards our positive targets that start at 1.1500 followed by 1.1560.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period unless breaking 1.1375 and holding below it.
The expected trading range for today is between 1.1400 support and 1.1560 resistance.
The expected trend for today: Bullish
Midday update for the NZDUSD 13-01-2022
The NZDUSD pair trades with clear positivity to reach the thresholds of the first waited target at 0.6895, reinforcing the expectations of continuing the domination of the bullish correction in the upcoming sessions, which its targets extend to 0.6960 after surpassing the previous level, reminding you that achieving the suggested targets requires holding above 0.6820.
The expected trading range for today is between 0.6820 support and 0.6920 resistance
The expected trend for today: Bullish