The USDJPY breaches the resistance – Analysis - 01-07-2020
The USDJPY pair breached 107.68 level strongly and closed the daily candlestick above it, to activate the bullish trend scenario on the intraday basis, on its way to head towards 109.22 areas mainly.
Therefore, the bullish bias will be expected for the upcoming sessions, noting that the price begins today with clear negativity to test the above mentioned support, as the price needs to hold above this level to keep the positive scenario active.
The expected trading range for today is between 107.00 support and 108.50 resistance
The expected trend for today: Bullish
The GBPUSD recovers – Analysis - 01-07-2020
The GBPUSD pair breached 1.2304 level strongly and settled above it, starting attempts to surpass the bearish channel’s resistance that appears on the chart, making the bullish bias expected for the upcoming period, on its way to visit 1.2515 level mainly.
Therefore, we expect witnessing more rise today, noting that failing to surpass the current areas and breaking 1.2304 will put the price under the negative pressure again, to head towards 1.2093 areas on the near term basis.
The expected trading range for today is between 1.2300 support and 1.2490 resistance.
The expected trend for today: Bullish
The EURUSD within sideways track – Analysis - 01-07-2020
The EURUSD pair fluctuates within sideways track, confined between 1.1175 support and 1.1270 resistance, and the price needs to surpass one of these levels to detect its next targets clearly.
Therefore, the sideways bias will be suggested until we get clearer signal for the next trend, reminding you that breaking the mentioned support will press on the price to achieve more bearish correction and achieve negative targets that start at 1.1100 followed by 1.1020, while breaching the resistance will lead the price to resume the main bullish trend that targets 1.1420 areas initially.
The expected trading range for today is between 1.1140 support and 1.1340 resistance.
The expected trend for today: Sideways
End of day analysi for Gold 30-06-2020
Gold price rallies bullishly now to move away from 1765.00 level, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, and the way is open to achieve our positive targets that start at 1800.00 and extend to 1840.00, reminding you that it is important to hold above 1755.00 and 1735.00 to continue the expected rise.