The USDJPY is forced for some decline – Analysis - 18-07-2022
The USDJPY pair shows negative trades to approach the bullish channel’s support line that appears on the chart, noticing that stochastic got rid of its negativity to reach the oversold areas, while the EMA50 keeps providing the positive support to the price.
Therefore, we will continue to suggest the overall bullish trend, which its next main targets located at 139.70 followed by 140.00, noting that the continuation of the bearish bias and breaking 137.25 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 137.60 support and 139.10 resistance
The expected trend for today: Bullish
The GBPUSD achieves intraday gains - Analysis - 18-07-2022
The GBPUSD pair trades with clear positivity to attack the intraday bearish channel’s resistance that appears on the chart, hinting heading to achieve more expected gains on the intraday basis, as we expect visiting 1.2025 areas in the upcoming sessions.
Therefore, the bullish bias will be suggested for today, and breaching 1.1920 will ease the mission of heading towards the mentioned target, while the positive scenario will remain valid unless breaking 1.1875 and holding below it.
The expected trading range for today is between 1.1850 support and 1.2000 resistance.
The expected trend for today: Bullish
The EURUSD is recovering – Analysis - 18-07-2022
The EURUSD pair bounced bullishly after the recent several attempts to break 1.0000 barrier, to head towards achieving some bullish correction and achieve some expected intraday gains in the upcoming sessions, targeting 1.0200 followed by 1.0275 levels as next main stations.
Therefore, the bullish bias will be suggested for today, noting that failing to surpass 1.0105 will stop the positive scenario and press on the price to decline again.
The expected trading range for today is between 1.0050 support and 1.0195 resistance.
The expected trend for today: Bullish
Midday update for Brent oil 15-07-2022
Brent oil price attempted to decline this morning but it returns to achieve some intraday gains, and as long as the price is below 102.25, our bearish overview will remain valid for today, supported by stochastic negativity that appears clearly on the four hours’ time frame, reminding you that our main waited target is located at 95.00.
The expected trading range for today is between 97.50 support and 103.50 resistance.
The expected trend for today: Bearish