The USDJPY pair hovers around 151.70 level and finds difficulty to breach it, waiting to get positive motive that assist to push the price to surpass this level and open the way to rally towards our next positive target at 152.50.
Therefore, we will continue to suggest the bullish trend for the upcoming period, which gets continuous support by the EMA50, noting that holding above 150.85 is important to achieve the waited targets.
The expected trading range for today is between 151.10 support and 152.50 resistance
The expected trend for today: Bullish
The GBPUSD pair continues to rise to approach testing the key resistance 1.2297, noticing that stochastic continues to provide the overbought signals, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1.2170 initially.
Holding below 1.2297 is important to continue the expected decline, as breaching it will push the price to achieve additional bullish correction that its next target reaches 1.2460.
The expected trading range for today is between 1.2180 support and 1.2330 resistance.
The expected trend for today: Bearish
The EURUSD pair’s recent trades are confined within descending triangle pattern that appears on the chart, thus, the chances still valid to resume the expected bearish trend on the intraday basis, and the price needs to break 1.0660 to activate the negative effect of this pattern followed by rallying to surpass the key support 1.0640 to open the way to achieve additional negative targets that reach 1.0540.
Therefore, we will continue to suggest the bearish trend for the upcoming period supported by stochastic negativity, noting that surpassing 1.0700 barrier will push the price to achieve intraday rise that targets testing 1.0760 before determining the next trend clearly.
The expected trading range for today is between 1.0610 support and 1.0750 resistance.
The expected trend for today: Bearish
Broadcom's stock (AVGO) rallied in the intraday levels, succeeding in piercing the pivotal resistance of 923.18, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive pressure from the 50-day SMA, countered with negative signals from the RSI despite reaching overbought levels, hindering upcoming gains.
Therefore we expect more gains for the stock, targeting the first resistance of 1011.90, provided it settles above 923.18.
Expected trend for today: Bullish