The USDJPY approaches the target – Analysis - 11-04-2022
The USDJPY pair continues to rise to gradually approach our waited target at 125.00, waiting to get positive momentum that assist to push the price to continue the expected rise on the intraday and short term basis, noting that surpassing the mentioned level will lead the price to achieve more gains on the longer term basis.
Holding above 123.80 represents the first condition to continue the positive scenario, as breaking it will press on the price to test 122.62 areas before any new attempt to rise.
The expected trading range for today is between 123.80 support and 125.00 resistance
The expected trend for today: Bullish
The GBPUSD touches the target - Analysis - 11-04-2022
The GBPUSD pair managed to touch our waited target at 1.3000 and finds solid support there, to show some temporary bullish bias, while the EMA50 continues to press negatively on the price, to support the chances of continuing the domination of the bearish trend in the upcoming sessions, noting that breaking the mentioned level will push the price to 1.2900 as a next station.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1.3145 and hold above it.
The expected trading range for today is between 1.2950 support and 1.3100 resistance.
The expected trend for today: Bearish
The EURUSD begins positively – Analysis - 11-04-2022
The EURUSD pair opens todays positively to move above the intraday bearish channel’s resistance, but we notice that that the EMA50 continues to press negatively on the price, while stochastic loses its positive momentum clearly.
Therefore, we believe that the chances valid to continue the expected bearish trend on the intraday basis, which its next targets extend to 1.0775, noting that the continuation of the bearish wave depends on the price stability below 1.0950.
The expected trading range for today is between 1.0800 support and 1.0950 resistance.
The expected trend for today: Overall bearish
Evening update for Gold 08-04-2022
Gold price trades with clear positivity to attack 1940.00 level and tests the sideways range’s resistance that dominates the recent trades, which urges caution from the upcoming trading, as the price needs to hold below the mentioned level to keep the negative scenario active, waiting to break 1925.35 to reinforce the chances of heading towards 1890.00 as a next main target.