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The USDJPY hits the target – Analysis - 24-06-2020

Economies.com
2020-06-24 04:38AM UTC

The USDJPY pair succeeded to achieve our first waited target at 106.44 and settles around it, as it attempted to break it without managing to hold below it, noticing that the EMA50 forms negative pressure against the price, waiting to motivate the price to break the mentioned level and confirm extending the bearish wave to reach 105.20 as a next station.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that failing to achieve the required break will lead the price to start recovery attempts that target testing 107.68 mainly.

 

The expected trading range for today is between 105.60 support and 107.10 resistance

The expected trend for today: Bearish

The GBPUSD attempts positively – Analysis - 24-06-2020

Economies.com
2020-06-24 04:38AM UTC

The GBPUSD pair provided additional positive trades yesterday to attack 1.2515 and attempts to hold above it, settling above the EMA50, which hints the price head to attempt to achieve more gains in the upcoming sessions, while we notice that stochastic shows big overbought signals, and it might press on the price to resume the negative trades again.

 

Therefore, this contradiction between the technical factors makes us prefer staying aside until we get clearer signal for the next trend, noting that consolidating below 1.2515 will push the price to decline again and head towards 1.2304 as a main negative target, while breaching 1.2590 represents the key to achieve more positive targets and head towards 1.2777 as a next positive station.

 

The expected trading range for today is between 1.2420 support and 1.2620 resistance.

 

The expected trend for today: Neutral

The EURUSD confirms the breach – Analysis - 24-06-2020

Economies.com
2020-06-24 04:38AM UTC

The EURUSD pair achieved good gains yesterday after confirming breaching 1.1270 level, settling above 1.1300 level now, to support the chances of achieving more rise in the upcoming sessions, and we believe that the way is open to achieve our next main target that reaches 1.1420.

 

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, supported by moving above the EMA50, noting that breaking 1.1270 will stop the suggested rise and press on the price to decline towards 1.1175 areas initially.

 

The expected trading range for today is between 1.1250 support and 1.1420 resistance.

 

The expected trend for today: Bullish

End of day analysis for Crude oil 23-06-2020

Economies.com
2020-06-23 17:21PM UTC

Crude oil price keeps its stability above 40.41, to keep the bullish trend scenario valid and active, organized inside the intraday bullish channel, reminding you that our next target is located at 43.05, while achieving it requires holding above 40.41.

Frequently asked questions

What is the price of USD/JPY today?

The price of USD/JPY is $148.85 (2025-07-15 18:45PM UTC)