The USDJPY hits the first correctional target – Analysis - 24-06-2022
The USDJPY pair succeeded to touch our waited target at 134.30, starting today with new bearish bias that hints heading to surpass this level and achieve more bearish correction, noting that our next negative targets reach 133.15 followed by 132.85.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 135.30 and holding above it.
The expected trading range for today is between 133.90 support and 135.20 resistance
The expected trend for today: Bearish
The GBPUSD needs positive motive - Analysis - 24-06-2022
The GBPUSD pair keeps its stability above 1.2205 level after the several attempts to break it, which keeps our bullish overview valid and active for the upcoming period, waiting to achieve our positive targets that start at 1.2320 and extend to 1.2490.
Note that breaking 1.2205 and holding below it will press on the price to turn to decline and achieve negative targets that reach 1.2077 initially.
The expected trading range for today is between 1.2200 support and 1.2370 resistance.
The expected trend for today: Bullish
The EURUSD needs confirmation signal – Analysis - 24-06-2022
The EURUSD pair still stuck between the trend confirmation levels represented by 1.0480 support and 1.0550 resistance, which makes us continue with our neutrality until the price manages to surpass one of these levels and detect its next destination clearly.
We remind you that breaking the mentioned support will push the price to decline and achieve negative targets that start at 1.0355, while breaching the resistance represents the key to resume the intraday recovery trip that its next main target located at 1.0670.
The expected trading range for today is between 1.0440 support and 1.0610 resistance.
The expected trend for today: Neutral
Redbox seeks a bottom to bolster it - Analysis - 23-06-2022
Redbox Entertainment's stock (RDBX) fell in the intraday levels even after reporting retail sales up 12.8% y/y in the week ending June 18, due to Father Day sales, and the fourth of July sales, marking a loss of 12.93% in the last session, or 1.5 points, settling at 101.0, with trading volumes surpassing 8.6 million shares, below 10-day averages of 31.2 million shares.
The stock is moving alongside the upward correctional short-term trend line, seeking a bottom to bolster it higher, amid positive pressure from the 50-day SMA, countered by negative signals from the RSI.
Therefore we expect the stock to return higher, targeting the first resistance at 13.35, provided the support of 8.56 holds on.
Expected trend for today: Bullish