The USDJPY pair provided slight positive trades yesterday but it faced the EMA50 that forms good resistance against the price, to resume the bearish bias and approach 113.60 level, waiting to break this level to confirm opening the way to visit 112.75 as a next negative target.
In general, the bearish trend will remain valid for the upcoming period as long as 114.65 level remains intact.
The expected trading range for today is between 113.10 support and 114.40 resistance
The expected trend for today: Bearish
The GBPUSD pair bounced bullishly after 1.3460 level formed solid support against the bearish wave, to test the key resistance 1.3530 now, accompanied by stochastic loss to the positive momentum clearly, while the EMA50 forms continuous negative pressure against the price.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its targets extend to 1.3400, noting that breaching 1.3530 will stop the expected negative pressure and lead the price to start recovery attempts that target testing 1.3610 areas initially.
The expected trading range for today is between 1.3410 support and 1.3570 resistance.
The expected trend for today: Bearish
The EURUSD pair confirmed breaking 1.1315 level after ending yesterday below it, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, reminding you that our main waited target reaches 1.1150.
Stochastic loses its positive momentum clearly to support the chances of resuming the negative trades today, besides the negative pressure formed by the EMA50, noting that the continuation of the bearish wave depends on the price stability below 1.1375.
The expected trading range for today is between 1.1230 support and 1.1375 resistance.
The expected trend for today: Bearish
Crude oil price trades with strong positivity now to surpass the intraday bearish channel’s resistance and heads towards resuming the main bullish trend, noting that closing the daily candlestick above 85.00 will confirm the continuation of the rise and visit 87.05 level initially, which breaching it represents the key to rally towards 88.00 as a next positive station.