The USDJPY gets a negative signal – Analysis - 03-07-2020
The USDJPY pair settles below 107.68 level, noticing that stochastic provides negative overlapping signal now, waiting to motivate the price to resume the negative trading in the upcoming sessions, as our main expected target is located at 106.44.
Therefore, we will keep our bearish overview for today, reminding you that it is important to hold below 107.68 to continue the suggested decline.
The expected trading range for today is between 106.70 support and 108.00 resistance
The expected trend for today: Bearish
The GBPUSD faces solid resistance – Analysis - 03-07-2020
The GBPUSD pair found difficulty to surpass 1.2515 level, to trade negatively and start moving away from this level, which hints that the price is on its way to decline and achieve negative targets that start at 1.2415 and extend to the key support 1.2304.
Therefore, we suggest witnessing negative trades today, taking into consideration that breaching 1.2515 will stop the expected decline and leads the price to resume the intraday bullish wave.
The expected trading range for today is between 1.2360 support and 1.2530 resistance.
The expected trend for today: Bearish
No news for the EURUSD – Analysis - 03-07-2020
The EURUSD pair returns to settle inside the sideways range after the positive attempts that it witnessed in the previous sessions, which keeps the domination of the sideways range on the intraday trading, confined between 1.1175 support and 1.1270 resistance, waiting to breach one of these levels to detect the next targets clearly.
We remind you that breaking the support will press on the price to achieve more correctional bearish targets that start at 1.1100 followed by 1.1020, while breaching the resistance represents the key to regain the main bullish trend and head to visit 1.1420 as a first main station.
The expected trading range for today is between 1.1160 support and 1.1350 resistance.
The expected trend for today: Sideways
End of day analysis for Crude oil 02-07-2020
Crude oil price continues to fluctuate around 40.41 level without managing to breach it until now, to keep our neutrality valid until the price manages to breach the mentioned resistance or break 38.85 support to detect the next destination clearly.