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The USDJPY breaches the resistance – Analysis - 20-05-2020
The USDJPY pair breached 107.68 level and closed the daily candlestick above it, to exit the sideways range that dominated the recent trades and activates the bullish trend scenario on the intraday basis, on its way to head towards 109.22 as a next positive target.
Therefore, the bullish bias will be suggested for the upcoming sessions, taking into consideration that breaking 107.68 and holding below it will stop the expected rise and put the price under negative pressure that targets 106.44 areas mainly.
The expected trading range for today is between 107.00 support and 108.60 resistance
The expected trend for today: Bullish
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The GBPUSD reaches the target – Analysis - 20-05-2020
The GBPUSD pair managed to reach few pips away from our main waited target at 1.2304 and begins bouncing bearishly from there, accompanied by witnessing negative signals through stochastic, while the EMA50 forms negative pressure against the price.
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MoreEnd of day analysis for Crude oil 19-05-2020
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