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The USDJPY breaches the resistance – Analysis - 13-03-2020
The USDJPY pair traded with clear positivity yesterday to breach 104.63 level and settles above it, starting today with more rise to confirm stopping the negative pressure that dominated the recent trades and turns to rise, waiting to achieve positive targets that start at 106.68 and extend to 107.98.
Therefore, we suggest witnessing more bullish bias today, noting that breaking 104.63 and holding below it will stop the current rise and puts the price under the negative pressure again.
The expected trading range for today is between 105.00 support and 106.70 resistance
The expected trend for today: Bullish
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The GBPUSD suffers sharp losses – Analysis - 13-03-2020
The GBPUSD pair succeeded to achieve our waited target at 1.2553 and settles around it now, as it attempted to break it yesterday and by today’s open, which hints the price head to continue the decline on the short term basis, paving the way to head towards 1.2325 that represents our next negative station.
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MoreEnd of day analysis for Crude oil 12-03-2020
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