The USDJPY is stable – Analysis - 17-06-2020
The USDJPY pair settles below 107.68 level, to keep the negative pressure valid for the upcoming period, supported by the EMA50 that pushes the price downwards, waiting to head towards 106.44 that represents our next main target.
On the other hand, we should note that breaching 107.68 and holding above it will stop the suggested decline and push the price to achieve intraday gains that start at 109.22.
The expected trading range for today is between 106.50 support and 108.00 resistance
The expected trend for today: Bearish
The GBPUSD tests the support – Analysis - 17-06-2020
The GBPUSD pair provided negative trades yesterday to approach testing the key support 1.2515, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 1.2777 level.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, organized inside the bullish channel that appears on the chart, noting that breaking 1.2515 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1.2470 support and 1.2660 resistance.
The expected trend for today: Bullish
The EURUSD shows mixed trades – Analysis - 17-06-2020
The EURUSD pair ended yesterday below 1.1270 level, which puts the price under the correctional bearish pressure again, on its way to visit 1.1175 level as a next negative station.
On the other hand, we notice that the price draws negative pattern that its signs appear on the chart, to support the chances of achieving more bearish correction on the short term basis.
Therefore, the bearish bias will be suggested for today unless breaching 1.1270 level and holding above it again.
The expected trading range for today is between 1.1170 support and 1.1350 resistance.
The expected trend for today: Bearish
End of day analysis for Crude oil 16-06-2020
Crude oil price breached 37.05 and settles above it now, waiting the daily candlestick according to this level, as holding above this level will lead the price to keep rising and visit 40.41 level as a next positive target, while trading below it represents the key to resume the bearish trend that targets 32.40 as a main correctional station.