The USDJPY pair resumes its positive trading clearly to approach our main waited target at 112.05, and we expect to breach this level to open the way to achieve additional gains that reach 113.15.
Therefore, the positive scenario will remain valid on the intraday and short term basis, noting that holding above 110.95 is important to continue the expected rise.
The expected trading range for today is between 111.30 support and 112.50 resistance
The expected trend for today: Bullish
The GBPUSD pair breached 1.3600 level clearly and settled above it, to reactivate the correctional bullish trend scenario on the intraday basis, to head towards achieving gains that start at 1.3660 followed by 1.3720.
Therefore, the bullish bias will be suggested for today supported by moving above the EMA50, taking into consideration that breaking 1.3600 followed by 1.3555 levels will stop the expected rise and press on the price to return to the bearish channel again.
The expected trading range for today is between 1.3555 support and 1.3710 resistance.
The expected trend for today: Bullish
The tight range dominated the EURUSD pair’s trades yesterday, hovering around 1.1563 level, keeping its stability below it, to keep the bearish trend scenario valid as it is without any change, waiting to visit 1.1500 followed by 1.1420 levels as main targets.
Note that breaching 1.1563 and holding above it will lead the price to achieve intraday gains that target 1.1635 followed by 1.1700 levels mainly.
The expected trading range for today is between 1.1460 support and 1.1620 resistance.
The expected trend for today: Bearish
Crude oil price bouced upwards sharply after approaching our waited target at 74.50, to breach 76.65 level strongly and resumes the main bullish track, on its way to achieve additional gains that reach 80.25 as a next main station.