The USDJPY faces solid resistance – Analysis - 13-10-2021
The USDJPY pair fluctuates around the bullish channel’s resistance that appears on the chart, and the price attempts to get positive momentum that assist to push trades to resume the bullish trend, which targets 114.00 as a next station.
Until now, we continue to suggest the bullish trend that gets continuous support by the EMA5 conditioned by the price stability above 113.10, as breaking it will press on the price to test 112.30 areas before any new attempt to rise.
The expected trading range for today is between 112.90 support and 114.10 resistance
The expected trend for today: Bullish
The GBPUSD begins with new positivity - Analysis - 13-10-2021
The GBPUSD pair faced new negative pressure yesterday, to attack 1.3600 level, but we notice that the price begins today with new rise to head towards potential test to 1.3660, and we still waiting to breach this level to confirm the continuation of the correctional bullish trend, which its targets extend to reach 1.3795 followed by 1.3865.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 1.3600 – 1.3570.
The expected trading range for today is between 1.3550 support and 1.3710 resistance.
The expected trend for today: Bullish
The EURUSD retests the broken support – Analysis - 13-10-2021
The EURUSD pair retests the broken support of the bearish flag pattern that was completed yesterday, keeping its stability below it until now, to keep the negative pressure valid for the upcoming period, supported by the EMA50 that keeps pushing the price downwards, reminding you that our waited targets begin at 1.1500 and extend to 1.1420.
Holding below 1.1580 is important to achieve the suggested targets, as breaching it will lead the price to start recovery attempts that target testing 1.1670 areas before any new attempt to decline.
The expected trading range for today is between 1.1470 support and 1.1600 resistance.
The expected trend for today: Bearish
Evening update analysis for Gold 12-10-2021
Gold price tested 1770.00 and bounced bearishly to resume the expected bearish track for the upcoming period, supported by stochastic negativity, waiting to visit 1735.00 as a first main station, noting that the continuation of the bearish wave requires holding below 1770.00 and the most important below 1780.00.