The USDJPY attempts to break – Analysis - 01-12-2021
The USDJPY pair attempted to break 113.07 level but it ended yesterday above it, to keep the price stuck between this support and 114.15 resistance, to continue with our neutrality until we get clearer signal for the next trend through breaching one of these levels.
The contradiction between stochastic positivity and the EMA50 negativity provides another reason for neutrality, while the expected targets after the breach are explained in our previous report.
The expected trading range for today is between 113.60 support and 114.10 resistance
The expected trend for today: Depends on the above mentioned levels
The GBPUSD declines strongly - Analysis - 01-12-2021
The GBPUSD pair bounced downwards strongly yesterday after testing 1.3355 level, to touch 1.3200 barrier and rebounds bullishly to approach testing 1.3355 level again, and the EMA50 meets this level to add more strength to it, to support the continuation of the bearish trend scenario that targets 1.3160 level mainly.
Note that breaching 1.3355 will push the price to test the bearish channel’s resistance at 1.3435 before any new attempt to decline.
The expected trading range for today is between 1.3210 support and 1.3380 resistance.
The expected trend for today: Bearish
The EURUSD resumes the decline – Analysis - 01-12-2021
The EURUSD pair kept its stability below 1.1375 level after the positive attempts that it witnessed yesterday, waiting to achieve additional decline to confirm the return to the bearish channel that appears on the chart followed by continuing the bearish bias to head towards the next main target at 1.1145.
In general, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1.1375 and hold above it.
The expected trading range for today is between 1.1240 support and 1.1380 resistance.
The expected trend for today: Overall bearish
Evening update for Crude oil 30-11-2021
Crude oil price managed to break 67.40 level and settles below it, which supports the continuation of the bearish trend efficiently in the upcoming sessions, paving the way to head towards 61.83 that represents our next main target, taking into consideration that holding below 67.40 represents the first condition to continue the expected decline.