The USDJPY gets negative signal – Analysis - 12-01-2022
The USDJPY pair provided positive trades to test the resistance that appears on the chart, and rebounds bearishly to hint heading to resume the correctional bearish track on the intraday basis, waiting to test 114.50 as a next main target.
Therefore, we will continue to suggest the bearish trend supported by the negative signal that appears on stochastic, taking into consideration that the continuation of the bearish wave depends on the price stability below 115.60.
The expected trading range for today is between 114.60 support and 115.85 resistance
The expected trend for today: Bearish
The GBPUSD approaches the target - Analysis - 12-01-2022
The GBPUSD pair shows additional positive trades to approach our waited target at 1.3660, and continues to move inside the bullish channel that supports the chances of surpassing this level and open the way to achieve more gains in the upcoming sessions, as the next target reaches 1.3775.
Therefore, the bullish trend will remain expected on the intraday and short term basis, noting that it is important to hold above 1.3565 to continue the suggested rise.
The expected trading range for today is between 1.3565 support and 1.3740 resistance.
The expected trend for today: Bullish
The EURUSD touches the first target – Analysis - 12-01-2022
The EURUSD pair reached 1.1375 level now and fluctuates there, waiting to breach this level to confirm extending the bullish wave to and head towards 1.1500 followed by 1.1560 as next positive targets.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that failing to achieve the required breach might push the price to test 1.1290 areas before any new attempt to decline.
The expected trading range for today is between 1.1300 support and 1.1450 resistance.
The expected trend for today: Bullish
Evening update for Crude oil 11-01-2022
Crude oil price breached 79.80 level strongly and rallied to settle above 81.00 barrier now, which supports the continuation of our bullish overview efficiently on the intraday and short term basis, waiting to achieve our next main target at 81.75, and we suggest surpassing this level to head towards 84.00 areas on the near term basis, noting that holding above 79.80 is important to achieve the suggested targets.