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The USDJPY approaches the first target – Analysis - 17-03-2023

Economies.com
2023-03-17 04:17AM UTC

The USDJPY pair provided negative trades yesterday to approach our first waited target at 131.60, and bounced bullishly to attack 133.30 level, noticing that the price begins today with slight bearish bias to attempt to consolidate below this level, which represents key condition to continue the expected bearish trend on the intraday basis.

 

Stochastic loses its positive momentum clearly to form negative motive that we expect to push the price to resume the bearish wave within the bearish channel that appears on the chart, waiting for negative trades in the upcoming sessions, our targets begin at 131.60 and extend to 130.50.

 

On the other hand, we should note that breaching 133.30 followed by 134.05 levels will stop the bearish trend and lead the price to turn to rise.

The expected trading range for today is between 132.20 support and 134.00 resistance

The expected trend for today: Bearish

The GBPUSD resumes the rise - Analysis - 17-03-2023

Economies.com
2023-03-17 04:17AM UTC

The GBPUSD pair returns to rise after leaning on the EMA50 in the previous sessions, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, waiting to breach 1.2145 to confirm opening the way to head towards our first target at 1.2260.

 

Therefore, the bullish trend will remain dominant on the intraday basis, and breaching the targeted level will push the price to 1.2440 as a next positive station, noting that breaking 1.2060 will put the price under intraday negative pressure that targets testing 1.1940 areas before any new positive attempt.

 

The expected trading range for today is between 1.2060 support and 1.2230 resistance.

 

The expected trend for today: Bullish

The EURUSD achieves the first target - 17-03-2023

Economies.com
2023-03-17 04:17AM UTC

The EURUSD pair shows new positive trades now, to attempt to surpass 1.0640 level, which represents the key to head towards our next target at 1.0745.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period, waiting to get positive motive that assists to push the price to achieve more expected rise.

 

On the other hand, we should note that failing to breach 1.0640 might press on the price to rebound bearishly to head towards testing the most important support at 1.0515 before any new attempt to rise.

 

The expected trading range for today is between 1.0560 support and 1.0730 resistance.

 

The expected trend for today: Bullish

Costco tries to shake off negative pressure - Analysis - 16-03-2023

Economies.com
2023-03-16 13:01PM UTC

Costco Wholesale Corporation's stock (COST) kept rising in the intraday levels, marking a fresh profit of 0.78% in the last session, or 3.74 points, and settling at 485.66, amid positive signals from the RSI, and amid the dominance of the upward trend in the medium term,  while shaking off negative pressure from the 50-day SMA. 

 

Therefore we expect more gains for the stock, targeting the resistance of 530.00, provided the support of 466.80 holds on.

 

Expected trend for today: Bullish

Frequently asked questions

What is the price of USD/JPY today?

The price of USD/JPY is $144.56 (2025-07-04 23:55PM UTC)