The USDJPY attempts positively – Analysis - 15-09-2023
The USDJPY pair shows positive trades to approach 147.86 level again, supported by the EMA50 that carries the price from below, waiting to breach this level to open the way to head towards 149.00 as a next main target.
The bullish channel continues to organize the suggested bullish wave, waiting to get positive motive that assist to push the price to achieve the required breach and ease the mission of continuing the expected rise, noting that the continuation of the bullish wave requires holding above 146.85.
The expected trading range for today is between 146.80 support and 148.20 resistance
The expected trend for today: Bullish
The GBPUSD hits the first target - Analysis - 15-09-2023
The GBPUSD pair resumed its negative trading strongly yesterday to succeed achieving our first waited target at 1.2400 and settles near it, and we believe that the way is open to continue the decline and achieve more negative targets, which extend to 1.2310.
Therefore, the bearish trend scenario will remain and active, supported by the EMA50 that presses negatively on the price, taking into consideration that the continuation of the bearish wave requires holding below 1.2505.
The expected trading range for today is between 1.2320 support and 1.2480 resistance.
The expected trend for today: Bearish
The EURUSD hits the target - 15-09-2023
The EURUSD pair settles at our waited target at 1.0635 after the strong decline that it witnessed yesterday, and it shows some sideways fluctuation before attempting to decline again, affected by stochastic positivity, waiting to get negative motive that assist to push the price to break the mentioned level and open the way to head towards 1.0515 as a next main target.
Therefore, we will continue to suggest the bearish trend for the upcoming period, which moves organized inside the bearish channel that appears on the chart, supported by the negative pressure formed by the EMA50, noting that failing to break 1.0635 will push the price to build intraday bullish wave that targets testing 1.0735 areas initially.
The expected trading range for today is between 1.0550 support and 1.0700 resistance.
The expected trend for today: Bearish
Evening update for Crude oil price 14-09-2023
Crude oil price managed to surpass 90.00 barrier to reinforce the expectations of continuing the bullish trend in the upcoming sessions, opening the way to head towards 91.65 as a next main target, taking into consideration that the continuation of the bullish wave depends on the price stability above 88.10.