The USDJPY is recovering – Analysis - 28-04-2022
The USDJPY pair found solid support at 127.00, to rebound bullishly and return to the main bullish channel again, which stops the correctional bearish scenario and lead the price to resume the bullish trend again, on its way to achieve positive targets that start by surpassing 129.40 to head towards 130.00.
Therefore, the bullish bias will be suggested in the upcoming sessions unless breaking 127.55 and holding below it.
The expected trading range for today is between 128.00 support and 129.40 resistance
The expected trend for today: Bullish
The GBPUSD keeps its negative stability - Analysis - 28-04-2022
The GBPUSD pair managed to achieve our waited target at 1.2500 and fluctuates near it, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the main bearish trend, which its targets extend to reach 1.2350 areas.
Holding below 1.2580 is important to continue the expected decline, as breaching it will lead the price to start correctional bullish wave on the intraday basis before attempting to resume the bearish bias again.
The expected trading range for today is between 1.2450 support and 1.2600 resistance.
The expected trend for today: Bearish
The EURUSD approaches the extended target – Analysis - 28-04-2022
The EURUSD pair provided additional negative trades to keep approaching 1.0500 level, falling under continuous negative pressure coming by the EMA50, to support the chances of continuing the bearish bias in the upcoming sessions, noting that the next target extends to 1.0450.
Therefore, we expect to witness more decline on the intraday and short term basis, reminding you that it is important to hold below 1.0630 to achieve the suggested targets.
The expected trading range for today is between 1.0470 support and 1.0610 resistance.
The expected trend for today: Bearish
Update: Corn price hits the first target
Corn price rallied upwards strongly to achieve our first waited target at 814.00 and attempts to breach it, and we expect the continuation of the bullish bias to head towards our next target that reaches 836.00 as a next main station, reminding you that it is important to hold above 793.00 to continue the suggested bullish wave.