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The USDJPY keeps achieving the positive targets – Analysis - 30-05-2023
The USDJPY pair continued to rise to reach the thresholds of the extended target at 141.00, showing negative trades by today’s open to test the key support base 139.80, noting that the price needs to consolidate above this level to keep the bullish trend active for the upcoming period, which its targets extend to reach 141.50.
Stochastic got rid of its negative momentum to show positive signals now that support the chances of resuming the expected rise, noting that breaking 139.80 will stop the bullish wave and push the price to turn to decline.
The expected trading range for today is between 139.40 support and 141.00 resistance
The expected trend for today: Bullish
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The GBPUSD within negative pattern - Analysis - 30-05-2023
The GBPUSD pair’s recent trades are confined within bearish pennant pattern that appears on the chart, and the EMA50 forms negative pressure against the price, while stochastic loses its positive momentum clearly.
MoreThe EURUSD still negative - 30-05-2023
The EURUSD pair keeps its stability below 1.0735 level, to keep the bearish trend scenario valid and active for the upcoming period, organized inside the bearish channel that appears on the chart, waiting to visit 1.0650 as a next target.
MoreExpected calm trades affected by the financial markets’ holidays.
The currencies pairs and commodities move within tight ranges, affected by the European and US markets holidays, therefore, the suggested scenarios in our previous reports will remain valid without any change, and we recommend reviewing it to check the expected targets and trends for the upcoming period.
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