The USDJPY consolidates above the support base – Analysis - 23-12-2021
The USDJPY pair keeps its stability above 114.00 level, noticing that stochastic gains the positive momentum clearly, to support the chances of resuming the expected bullish trend on the intraday basis, which targets 115.50 level mainly.
The EMA50 supports the expected rise, which will remain valid conditioned by the price stability above 114.00.
The expected trading range for today is between 113.60 support and 114.80 resistance
The expected trend for today: Bullish
The GBPUSD breaches the resistance - Analysis - 23-12-2021
The GBPUSD pair ended yesterday with strong positivity to breach 1.3315 level and settles above it, which leads the price to achieve additional bullish correctional that targets testing 1.3410 and might extend to 1.3485 after breaching the previous level.
Therefore, the bullish bias will be suggested for today, noting that breaking 1.3315 will stop the positive scenario and press on the price to decline again.
The expected trading range for today is between 1.3270 support and 1.3440 resistance.
The expected trend for today: Bullish
The EURUSD achieves intraday gains – Analysis - 23-12-2021
The EURUSD pair breached 1.1290 level clearly to head towards potential test to 1.1375 level, facing contradiction between the technical factors, which makes us prefer to stay aside until we get clearer signal for the next trend, which we will get through breaching 1.1375 resistance or breaking 1.1280 support.
Note that breaking the mentioned support will press on the price to continue the main bearish bias and head towards 1.1150 as a next negative target, while breaching the resistance represents the key to start correctional bullish wave that targets testing 1.1440 areas initially.
The expected trading range for today is between 1.1250 support and 1.1420 resistance.
The expected trend for today: Depends on the above mentioned levels
Amazon in a hesitant place - Analysis - 22-12-2021
Amazon's stock rallied 2.00% in the last session, settling at 3,408.34, amid the dominance of the main upward short-term trend, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect the stock to rise and target the first resistance at 3,548.12, provided the support of 3,389.16 holds on.
Expected trend for today: Bullish