The USDJPY completes positive pattern – Analysis - 25-04-2022
The USDJPY pair managed to breach the bullish pennant’s resistance that confined the recent trades, to get positive motive that we are waiting to assist to push the price to achieve more expected gains in the upcoming sessions, reminding you that our next target is located at 130.00.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 128.15 followed by 127.30 levels and holding below them.
The expected trading range for today is between 128.15 support and 129.40 resistance
The expected trend for today: Bullish
The GBPUSD keeps declining - Analysis - 25-04-2022
The GBPUSD pair showed additional strong decline to touch key support at 1.2825, and we expect the continuation of the bearish bias to surpass this level and head towards 1.2700 areas on the near term basis.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that failing to break 1.2825 will lead the price to start bullish wave that targets testing 1.3000 barrier before any new attempt to decline.
The expected trading range for today is between 1.2740 support and 1.2900 resistance.
The expected trend for today: Bearish
The EURUSD tests the support – Analysis - 25-04-2022
The EURUSD pair tested 1.0775 level and couldn’t manage to break it, which represents one of the next trend keys besides 1.0860 resistance, to keep the price confined between these levels, waiting to breach one of them to detect the next targets clearly.
Therefore, our neutrality will remain valid until now, reminding you that breaking the mentioned support will press on the price to continue the decline and head towards 1.0700 as a next negative station, while breaching the resistance represents the key to start recovery attempts that target visiting 1.0950 level initially.
The expected trading range for today is between 1.0720 support and 1.0900 resistance.
The expected trend for today: Neutral
Midday update for the NZDUSD 22-04-2022
The NZDUSD pair managed to achieve our first target at 0.6690, and broke this level clearly to rienforce the chances of continuing the bearish trend on the intraday and short term basis, paving the way to head towards 0.6600 followed by 0.6530 levels that represent our next main targets, to keep the bearish bias suggested conditioned by the price stability below 0.6790.
The expected trading range for today is between 0.6650 support and 0.6720 resistance
The expected trend for today: Bearish