The USDJPY begins positively – Analysis - 23-06-2020
The USDJPY pair opens today’s trading with bullish bias to test the EMA50 that continues to press negatively on the intraday trading, accompanied by stochastic loss to the positive momentum clearly and reach the overbought areas, waiting to motivate the price to resume the negative trading.
In general, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 107.68 and hold above it, reminding you that our first waited target is located at 106.44.
The expected trading range for today is between 106.30 support and 107.80 resistance
The expected trend for today: Bearish
The GBPUSD reaches the positive target – Analysis - 23-06-2020
The GBPUSD pair succeeded to reach few pips away from our waited positive target at 1.2515, starting today with bearish bias to hint the chances of witnessing potential decline in the upcoming sessions, especially that stochastic provides clear negative signals now, which makes us suggest the bearish for bias today, waiting to visit 1.2304 as a next main target.
On the other hand, we should note that breaching 1.2515 and holding above it will stop the suggested decline and leads the price to achieve more gains to head towards 1.2680 followed by 1.2777 areas as next positive targets.
The expected trading range for today is between 1.2360 support and 1.2550 resistance.
The expected trend for today: Bearish
The EURUSD negotiates the resistance – Analysis - 23-06-2020
The EURUSD pair attempts to breach 1.1270 level by today’s open, to hint the price head to achieve more gains on the intraday and short term basis, paving the way to head towards the next positive station that extends to 1.1420.
Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, taking into consideration that failing to achieve the required breach will put the price under negative pressure that targets visiting 1.1175 level mainly.
The expected trading range for today is between 1.1200 support and 1.1370 resistance.
The expected trend for today: Bullish
End of day analysis for Crude oil 22-06-2020
Crude oil price attempts to breach 40.41 level now, waiting to confirm the breach to open the way to head towards our next positive target that reaches 43.05, noting that the EMA50 supports the suggested bullish wave, which will remain valid conditioned by the price stability above 38.00.