The USDJPY achieves strong gains – Analysis - 18-01-2023
The USDJPY pair rallied upwards strongly to breach the main bearish channel’s resistance and settles above it, affected by the BOJ rate decision, to turn to rise and head towards achieving more gains that we expect to reach 133.30.
Therefore, the bullish bias will be suggested for today unless breaking 130.25 and holding below it.
The expected trading range for today is between 130.50 support and 133.00 resistance
The expected trend for today: Bullish
The GBPUSD crawls upwards - Analysis - 18-01-2023
The GBPUSD pair continues to rise calmly, organized inside the bullish channel that supports the chances of achieving our next waited target at 1.2440.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, supported by the EMA50, noting that the continuation of the bullish wave requires holding above 1.2180.
The expected trading range for today is between 1.2210 support and 1.2380 resistance.
The expected trend for today: Bullish
The EURUSD heads towards the support – Analysis - 18-01-2023
The EURUSD pair faces negative pressure to approach the key support 1.0745, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the bullish trend active, which targets 1.0915 mainly.
Note that breaking 1.0745 will stop the positive scenario and press on the price to turn to decline.
The expected trading range for today is between 1.0700 support and 1.0860 resistance.
The expected trend for today: Bullish
JPMorgan rallies - Analysis - 17-01-2023
JPMorgan Chase's stock (JPM) surged in a very volatile session after reporting earnings and profits for the fourth quarter before the close, beating estimates, with the stock surging 2.52% in the last session, or 3.52 points, settling at 143.01, with trading volumes surpassing 20 million shares, above 10-day averages of 10.7 million shares.
Technically, the stock leaned on the upward correctional trend line in the short term, with positive support from the 50-day SMA, with positive signals from the RSI despite reaching overbought levels, piercing the important resistance of 138.66.
Therefore we expect more gains for the stock, targeting the resistance of 151.85, provided it settles above 138.66.
Expected trend for today: Bullish