The USDJPY awaits confirmation signal – Analysis - 30-11-2021
The USDJPY pair continues to fluctuate between the trend keys represented by 113.07 support and 114.15 resistance, which keeps our neutrality valid until now, waiting to breach one of these levels to detect the next trend clearly.
We remind you that breaking the mentioned support will push the price to visit the next correctional level at 112.30 direct, while breaching 114.15 will lead the price to regain the bullish trend that targets 115.50 initially.
The expected trading range for today is between 113.00 support and 114.40 resistance
The expected trend for today: Depends on the above mentioned levels
The GBPUSD keeps its negative stability - Analysis - 30-11-2021
The GBPUSD pair bounced bearishly after the frequent test to 1.3355 level, which keeps our bearish overview valid for the upcoming period, supported by the negative pressure formed by the EMA50, which supports the continuation of trading inside the bearish channel that appears on the chart, waiting to visit 1.3160 as a next target.
On the other hand, we should note that breaching 1.3355 might push the price to test 1.3430 level initially before any new attempt to decline.
The expected trading range for today is between 1.3240 support and 1.3390 resistance.
The expected trend for today: Bearish
The EURUSD returns to test the resistance – Analysis - 30-11-2021
The EURUSD pair shows new positive trades to test the intraday bearish channel’s resistance, affected by stochastic positivity that loses its positive momentum clearly, waiting to rebound bearishly to resume the main bearish trend, which targets 1.1145 level as a next main station.
In general, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1.1375 level and hold above it.
The expected trading range for today is between 1.1200 support and 1.1360 resistance.
The expected trend for today: Overall bearish
Midday update for Brent oil 29-11-2021
Brent oil price fluctuates near 75.20 level and keeps its stability below it until now, waiting to get negative momentum that assit to push the price to resume the expected bearish trend for the upcoming period, supported by the negative pressure coming by the EMA50, reminding you that our targets begin at 72.70 and extend to 69.60 after breaking the previous level.
The expected trading range for today is between 72.50 support and 76.00 resistance.
The expected trend for today: Bearish