The USDJPY awaits more rise – Analysis - 22-04-2022
The USDJPY pair leaned on the intraday bullish trend line that appears on the chart, waiting to resume the bullish trend that targets 130.00 as a next main station, supported by the EMA50 that continues to carry the price from below.
Note that breaking 128.10 will put the price under intraday negative pressure to head towards visiting 127.00 before any new positive attempt.
The expected trading range for today is between 127.80 support and 129.00 resistance
The expected trend for today: Overall bullish
The GBPUSD gathers the positive momentum - Analysis - 22-04-2022
The GBPUSD pair faced intraday negative pressure to approach the key support 1.3000, noticing that stochastic got rid of its negative momentum to enter the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its targets begin by testing 1.3145.
On the other hand, we should note that breaking 1.3000 will stop the expected rise and press on the price to resume the main bearish trend again.
The expected trading range for today is between 1.2970 support and 1.3120 resistance.
The expected trend for today: Bullish
The EURUSD is recovering – Analysis - 22-04-2022
The EURUSD pair bounced downwards strongly after approaching the waited positive target at 1.0950, to settle below the EMA50, which hints heading to resume the main bearish trend, but we prefer to stay aside until we get clearer signal for the next trend, due to the contradiction between the technical factors now.
Note that the continuation of the negative pressure and breaking 1.0775 will push the price to achieve new negative targets that reach 1.0700, while breaching 1.0860 will lead the price to recover again and attack 1.0950 initially.
The expected trading range for today is between 1.0750 support and 1.0920 resistance.
The expected trend for today: Neutral
Update: Crude oil price attacks the resistance
Crude oil price shows additional positive trades to attack 104.60 level, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend active for the upcoming period, while breaching it represents the key to stop the negative scenario and head to turn to rise again.