The USDJPY attempts to recover – Analysis - 27-01-2022
The USDJPY pair bounced upwards strongly yesterday after consolidating above 113.60 level, to test the key resistance 114.65 and attempts to breach it, which hints heading to regain the main bullish trend, but it faces negative pressure formed by stochastic, to stay neutral until the price confirms its situation according to the mentioned resistance.
Note that breaching 114.65 will push the price to achieve additional gains that target 116.35 areas on the near term basis, while consolidating below it will press on the price to decline again and visit 113.60 initially.
The expected trading range for today is between 114.00 support and 115.40 resistance
The expected trend for today: Neutral
The GBPUSD breaks the support - Analysis - 27-01-2022
The GBPUSD pair managed to break 1.3460 level and settles below it now, which supports the continuation of the expected bearish trend scenario efficiently in the upcoming sessions, paving the way to achieve more negative targets that start at 1.3400 and extend to 1.3310 after surpassing the previous level.
Therefore, the bearish bias will remain dominant in the upcoming sessions conditioned by the price stability below 1.3530.
The expected trading range for today is between 1.3350 support and 1.3500 resistance.
The expected trend for today: Bearish
The EURUSD declines strongly – Analysis - 27-01-2022
The EURUSD pair provided strong negative trades yesterday to approach 1.1200 barrier, which supports the continuation of our bearish overview, and the way is open to achieve our main waited target at 1.1150.
The EMA50 continues to support the suggested bearish wave, organized inside the intraday bearish channel that appears on the chart, noting that breaching 1.1285 will stop the expected decline and lead the price to achieve intraday gains that target testing 1.1375 areas before any new attempt to decline.
The expected trading range for today is between 1.1150 support and 1.1285 resistance.
The expected trend for today: Bearish
Evening update analysis for Crude oil price 26-01-2022
Crude oil price managed to achieve our waited target at 87.05 and breached it and attempts to hold above it, reinforcing the expectations of continuing the bullish trend, which its next target located at 88.00, while holding above 87.05 represents initial condition to continue the suggested rise.