The USDJPY is recovering – Analysis - 07-02-2022
The USDJPY pair traded with clear positivity in the previous sessions to move away from 114.65 level, to reactivate the positive scenario and head to achieve additional gains that reach 116.35, supported by the EMA50 that carries the price from below.
Therefore, the bullish bias will be suggested on the intraday basis conditioned by the price stability above 114.65.
The expected trading range for today is between 114.65 support and 116.00 resistance
The expected trend for today: Bullish
The GBPUSD presses on the support - Analysis - 07-02-2022
The GBPUSD pair traded with clear negativity in the previous sessions and attempted to break 1.3525 level, starting today with new negative attempts, while the EMA50 attempts to protect the price from suffering more losses, accompanied by witnessing positive signals through stochastic.
Therefore, the contradiction between the technical factors makes us prefer to stay aside until the price confirms its situation according to the mentioned level, as breaking it will press on the price to achieve additional decline that targets 1.3460 level direct, while consolidating above it will lead the price to resume the bullish bias that its first target located at 1.3610.
The expected trading range for today is between 1.3460 support and 1.3610 resistance.
The expected trend for today: Neutral
The EURUSD is stable – Analysis - 07-02-2022
The EURUSD pair settles above 1.1375 level, affected by the negative momentum that stops the bullish bias, waiting to get positive motive that assist to push the price to resume the positive trades and visit 1.1560 level that represents our next positive station.
Therefore, we will keep our bullish overview unless breaking 1.1375 and holding below it.
The expected trading range for today is between 1.1375 support and 1.1520 resistance.
The expected trend for today: Bullish
Midday update for the NZDUSD 04-02-2022
The NZDUSD pair tests the first key support base 0.6650, and as we mentioned this morning, the price needs to hold above this level and above 0.6615 to keep the bullish trend valid for the upcoming period, supported by the EMA50, reminding you that our positive targets begin at 0.6710 followed by 0.6750.
The expected trading range for today is between 0.6620 support and 0.6750 resistance
The expected trend for today: Bullish