The USDJPY approaches the target – Analysis - 31-03-2022
The USDJPY pair traded with clear negativity yesterday to approach our waited target at 121.10, and we notice that the price rebounds bullishly to head towards testing the resistance formed at 122.62, accompanied by stochastic loss to the positive momentum, waiting to motivate the price to resume the negative trades to test 121.10 level as a main target.
Therefore, we expect the continuation of the bearish trend domination on the intraday basis, noting that breaching 122.62 will stop the expected decline and lead the price to regain the main bullish trend again.
The expected trading range for today is between 121.40 support and 122.70 resistance
The expected trend for today: Bearish
The GBPUSD consolidates below the resistance - Analysis - 31-03-2022
The GBPUSD pair attempted to breach 1.3145 level but it closed the daily candlestick below this level, to start today with bearish bias and move away from the mentioned level, which keeps our bearish overview valid, which targets 1.3000 as a next station.
We remind you that the continuation of the bearish wave requires holding below 1.3145.
The expected trading range for today is between 1.3020 support and 1.3170 resistance.
The expected trend for today: Bearish
The EURUSD breaches the resistance – Analysis - 31-03-2022
The EURUSD pair ended yesterday above 1.1145 level, to head towards continuing the rise in the upcoming sessions, targeting testing 1.1235 level initially, which breaching it represents the key to rally towards 1.1375 as a next main target.
Therefore, the bullish bias will be suggested for today unless breaking 1.1145 and holding below it again.
The expected trading range for today is between 1.1100 support and 1.1250 resistance.
The expected trend for today: Bullish
Midday update for Sugar price 30-03-2022
Sugar price begins today positively to move above 19.16, noticing that the price resumes its negative trades to press on this level, to support the continuation of the expected negative scenario for today, which depends on the price stability below the mentioned level, while its next target is located at 18.70.
The expected trading range for today is between 18.60 support and 19.30 resistance
The expected trend for today: Bearish