The USDJPY pair provided clear negative trades yesterday to break 146.55 level and reach 145.90, but it returns to fluctuate around the first level, affected by stochastic positivity that loses the positive momentum clearly now, noticing that the EMA50 forms negative pressure against the price.
Therefore, these factors encourage us to suggest resuming the negative attempts in the upcoming sessions, reminding you that our next main target is located at 145.55, while breaching 146.90 will stop the expected decline and lead the price to resume the main bullish track again.
The expected trading range for today is between 145.80 support and 147.40 resistance
The expected trend for today: Bearish
The GBPUSD pair ended yesterday above 1.2505, to confirm the continuation of the bullish trend domination on the intraday basis, waiting to resume the bullish bias and head towards 1.2625 as a next main station.
Stochastic gets rid of its negative momentum clearly to support the expectations to rise in the upcoming sessions, taking into consideration that breaking 1.2505 will stop the positive scenario and push the price to return to the main bearish track again.
The expected trading range for today is between 1.2450 support and 1.2600 resistance.
The expected trend for today: Bullish
The EURUSD pair started today with additional rise to approach our waited target at 1.0785, facing good barrier at the bearish channel’s resistance that appears on the chart, which hinders the mission to rise, in addition to the technical indicators that provide negative signals that might push the price to rebound bearishly and head to resume the main bearish track again.
Now, we prefer to stay aside until we get clearer signal for the next trend, noting that breaching 1.0770 will push the price to achieve additional gains that surpass 1.0785 to reach 1.0880, while breaking 1.0725 represents negative factor that will push the price to decline and head towards 1.0635 areas mainly.
The expected trading range for today is between 1.0660 support and 1.0840 resistance.
The expected trend for today: Neutral
Ulta Beauty's stock (ULTA) returned lower in the intraday levels, while trading alongside the downward correctional trend line in the short term, with negative pressure from the 50-day SMA, while trying to vent off oversold saturation in the RSI.
Therefore we expect more losses for the stock, targeting the important support of 402.00, provided the resistance of 436.15 holds on.
Expected trend for today: Bearish