The USDJPY awaits more rise – Analysis - 07-09-2023
The USDJPY pair faced temporary negative pressure yesterday, to test 147.00 barrier, and returns to rise and attempt to resume the expected bullish trend on the intraday and short-term basis, on its way to achieve new gains that reach 148.40 as a next station.
Therefore, our bullish overview will remain valid, supported by the EMA50 that carries the price from below, taking into consideration that breaking 146.55 will force the price to achieve some intraday bearish correction before turning back to rise again.
The expected trading range for today is between 147.00 support and 148.40 resistance
The expected trend for today: Bullish
The GBPUSD hits the target - Analysis - 07-09-2023
The GBPUSD pair succeeded to achieve our waited target at 1.2505, starting today with additional bearish bias to move below this level, reinforcing the expectations of continuing the domination of the bearish trend and head to achieve additional negative targets that reach 1.2395.
Therefore, the bearish bias will remain valid for the upcoming period, organized inside the bearish channel that appears on the chart, noting that failing to consolidate below 1.2505 will push the price to start recovery attempts and build intraday bullish wave that its targets begin by testing 1.2625 areas.
The expected trading range for today is between 1.2400 support and 1.2560 resistance.
The expected trend for today: Bearish
The EURUSD needs new negative motive - 07-09-2023
The EURUSD pair resumes its negative trading to reach our first waited target at 1.0700, showing sideways trading by today’s open, waiting to get negative motive that assist to push the price to resume the bearish wave that its next target located at 1.0635.
The bearish channel continues to organize the suggested bearish wave, which gets continuous support by the EMA50, taking into consideration that the continuation of the bearish trend requires holding below 1.0785 and 1.0815 levels.
The expected trading range for today is between 1.0635 support and 1.0785 resistance.
The expected trend for today: Bearish
TJX stalls - Analysis - 06-09-2023
TJX Companies' stock (TJX) fell in the intraday levels on profit-taking, while venting off overbought levels in the RSI, as the stock gathers positive momentum to rise anew, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the first resistance at 95.00, provided it settles above 90.00.
Expected trend for today: Bullish