The USDJPY hits the first target – Analysis - 25-07-2022
The USDJPY pair succeeded to achieve our first waited target at 136.40 and broke it to close the daily candlestick below it, which supports the continuation of the bearish correction domination in the upcoming period, paving the way to head towards 134.90 followed by 134.55 levels as next negative stations.
Therefore, we will continue to suggest the bearish trend on the intraday basis, taking into consideration that stepping above 136.40 and holding above it will lead the price to start recovery attempts and regain the main bullish trend again.
The expected trading range for today is between 135.40 support and 136.70 resistance
The expected trend for today: Bearish
The GBPUSD approaches the target - Analysis - 25-07-2022
The GBPUSD pair provided clear positive trades in the previous sessions to approach our waited target at 1.2077, and returns to fluctuate near the EMA50, waiting to resume the bullish wave that its targets extend to 1.2160 after surpassing the previous level.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 1.1925 and holding below it.
The expected trading range for today is between 1.1910 support and 1.2090 resistance.
The expected trend for today: Bullish
The EURUSD begins positively – Analysis - 25-07-2022
The EURUSD pair closed last Friday above 1.0200 level, starting today with bullish bias in attempt to move away from this level, which encourages us to suggest the bullish bias in the upcoming sessions, targeting visiting 1.0276 as a first positive station.
Therefore, the bullish trend will be expected for today conditioned by the price stability above 1.0200, noting that surpassing the mentioned target will push the price to 1.0355 as a next correctional target.
The expected trading range for today is between 1.0150 support and 1.0300 resistance.
The expected trend for today: Bullish
Evening update for Crude oil price 22-07-2022
Crude oil price resumes its positive trading after pressing on 95.40 level in the previous sessions, to keep our bullish overview that depends on the price stability above the mentioned level, reminding you that our expected targets begin at 98.25 and extend to 99.55.