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The USDJPY is forced for some decline – Analysis - 18-06-2021
The USDJPY pair bounced bearishly yesterday to approach testing the EMA50 that forms good intraday support against the price, accompanied by stochastic reach to the oversold areas, which forms positive motive that we are waiting to assist to push the price to resume the main bullish trend, which its next target located at 111.05.
Therefore, our bullish overview will remain valid, and breaching the mentioned level will extend the bullish wave to reach 111.80, while holding above 109.95 represents initial condition to continue the suggested rise.
The expected trading range for today is between 109.70 support and 111.00 resistance
The expected trend for today: Bullish
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The GBPUSD achieves the extended target - Analysis - 18-06-2021
The GBPUSD pair broke 1.3960 level strongly and rallied bearishly to reach the extended negative target at 1.3890, showing temporary bullish bias affected by stochastic positivity, waiting to return to decline to break the last level and head towards 1.3805 as a next negative target.
MoreThe EURUSD suffers more losses – Analysis - 18-06-2021
The EURUSD pair’s decline stopped near 1.1888 level, to show some slight bullish bias now, and it might test 1.1976 before turning back to decline again.
MoreEnd of day analysis for Crude oil 17-06-2021
Crude oil price declined strongly to break 71.25 level and opens the way to start correctional bearish wave in the upcoming sessions, noting that closing the daily candlestick below the mentioned level will push the price to 68.50 as a next correctional station, while breaching 71.50 will lead the price to attempt to regain the main bullish trend again.
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