|
The USDJPY gets negative motive – Analysis - 24-01-2024
The USDJPY pair provided negative trades yesterday to touch 147.00 barrier, but we notice that the EMA50 formed solid support that pushed the price to rise and test 148.50 level again, noticing that stochastic overlaps negatively now, waiting to motivate the price to resume the bearish wave that targets 146.60 followed by 145.90 levels as next main stations.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 148.50 and holding above it.
The expected trading range for today is between 147.00 support and 148.70 resistance
The expected trend for today: Bearish
Thanks for your feedback.
The GBPUSD tests the support - Analysis - 24-01-2024
The GBPUSD pair faced negative pressure yesterday to test the key support 1.2650, noticing that the price consolidated above this level and bounced bullishly from there, to start attempts to build bullish wave on the intraday basis, waiting to visit 1.2780 followed by 1.2825 levels as next main targets.
MoreThe EURUSD confirms the break - 24-01-2024
The EURUSD pair ended yesterday below 1.0860 level, to confirm reactivating the negative effect of the head and shoulders’ pattern that appears on the chart, on its way to achieve negative targets that start at 1.0765 and extend to 1.0645 after breaking the previous level.
MoreEvening update analysis for the EURUSD 23-01-20240
The EURUSD pair broke 1.0860 level strongly and closed the last four hours’ candlestick below it, to stop the recently suggested positive scenario and head towards achieving negative targets that reach 1.0765 on the near-term basis, making the bearish bias suggested in the upcoming sessions unless breaching 1.0860 followed by 1.0890 levels and holding above them.
More