The USDJPY achieves strong gains – Analysis - 28-01-2021
The USDJPY pair rallied upwards strongly to breach 103.90 and settles above it, which stops the recently suggested negative scenario and leads the price to turn to rise, on its way to head towards 105.20 as a next positive target.
Therefore, the bullish trend will be expected for the upcoming sessions unless breaking 103.65 and holding below it.
The expected trading range for today is between 103.65 support and 105.00 resistance
The expected trend for today: Bullish
The GBPUSD declines again - Analysis - 28-01-2021
The GBPUSD pair traded with clear negativity to reach the thresholds of the key support 1.3645, and the way seems open to continue the decline to break the bullish channel’s support line and achieve more negative trades.
Now, we prefer staying neutral until we get clearer signal for the next trend, which we will get through breaking 1.3645 support or breaching 1.3715 resistance, noting that breaking the mentioned support will push the price towards 1.3520 followed by 1.3440 areas as main negative targets, while breaching the resistance represents the key to resume the main bullish trend that its next target located at 1.3815.
The expected trading range for today is between 1.3580 support and 1.3760 resistance.
The expected trend for today: Neutral
The EURUSD activates the negative scenario – Analysis - 28-01-2021
The EURUSD pair confirmed breaking the intraday bullish channel’s support line, starting today with more decline to approach 1.2064 level again, which hints the price head to break this level and open the way to achieve more bearish correction, as the next target is located at 1.1976.
Therefore, the bearish trend will be suggested for the upcoming sessions unless the price rallied to breach 1.2173 and hold above it.
The expected trading range for today is between 1.2000 support and 1.2170 resistance.
The expected trend for today: Bearish
End of day analysis for Crude oil 27-01-2021
Crude oil price reached few pips away from our first waited target at 51.70 and shows new positive trades to move at 53.00 barrier, noting that we continue to suggest the bearish trend for the upcoming period as long as 53.75 level remains intact, reminding you that surpassing the mentioned target will push the price to 49.70 as a next station.