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The USDJPY awaits more rise – Analysis - 12-01-2021
The USDJPY pair confirmed breaching the resistance line that appears on the chart after closing the daily candlestick above it, to reinforce the expectations of achieving more gains on the intraday basis, paving the way to head towards 105.20 as a next main station.
Therefore, the bullish trend scenario will remain active for the upcoming period, supported by the EMA50, noting that holding above 104.10 represents the first condition to continue the expected rise.
The expected trading range for today is between 103.70 support and 105.00 resistance
The expected trend for today: Bullish
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The GBPUSD approaches the first target - Analysis - 12-01-2021
The GBPUSD pair traded negatively yesterday to approach our first waited target at 1.3430, and bounced bullishly to retest the broken neckline of the triple top pattern that its signs appear on the chart, which still active until now, noticing that stochastic loses its positive momentum clearly to enter the overbought areas.
MoreThe EURUSD confirms the break – Analysis - 12-01-2021
The EURUSD pair ended yesterday below 1.2173, to confirm extending the expected correctional bearish scenario on the intraday basis, waiting for more decline to visit 1.2064 that represents the next target.
MoreUpdate: The EURUSD settles below the support
The EURUSD pair settles below 1.2173 level after closing the last four hours’ candlestick below it, to support the continuation of the expected bearish trend scenario for the upcoming period, which targets 1.2064 as a next station, reminding you that it is important to hold below 1.2173 to continue the suggested decline.
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