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The USDJPY continues to fluctuate – Analysis - 19-03-2021
The USDJPY pair keeps its stability below 109.22, to keep the negative pressure valid for the upcoming period, supported by stochastic negativity, waiting to achieve more decline to visit 107.70 mainly.
Therefore, our bearish overview will remain valid and active unless the price rallied to breach 109.22 and hold above it, reminding you that breaking 108.65 is required to reinforce the expectations to decline.
The expected trading range for today is between 108.20 support and 109.50 resistance
The expected trend for today: Bearish
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The GBPUSD is retesting - Analysis - 19-03-2021
The GBPUSD pair traded negatively on yesterday’s evening to retest the breached resistance of the intraday bearish channel, and the EMA50 meets this level to form good support at 1.3910, accompanied by stochastic reach to the thresholds of the oversold areas.
MoreThe EURUSD declines again – Analysis - 19-03-2021
The EURUSD pair bounced bearishly after testing 1.1976 level yesterday, to trade near 1.1888, noting that we suggest surpassing this level and open the way to achieve more decline in the upcoming sessions, which its next target reaches 1.1780.
MoreUpdate: Crude oil price suffers strong losses
Crude oil price declined sharply to surpass our waited target at 62.50 and presses on extended support areas at 61.25, paving the way to suffer more losses that reach 59.20, to keep the bearish bias domination in the upcoming period unless breaching 62.50 and holding above it.
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