The USDJPY keeps its positive stability – Analysis - 14-06-2022
The USDJPY pair faced negative pressure yesterday to attack 133.75 level, but it bounced bullishly to settle around the bullish channel’s support line that appears on the chart, noticing that stochastic provides positive signals that support the chances of continuing the expected bullish trend on the intraday and short term basis, which its next targets located at 135.00 followed by 135.50.
The EMA50 keeps supporting the suggested bullish wave, reminding you that it is important to hold above 133.75 to continue the suggested rise.
The expected trading range for today is between 133.75 support and 135.00 resistance
The expected trend for today: Bullish
The GBPUSD keeps achieving the negative targets - Analysis - 14-06-2022
The GBPUSD pair managed to achieve our waited target at 1.2155 and fluctuates around it, noticing that the price closed the daily candlestick below it, to pave the way to continue the decline on the intraday and short term basis, noting that the next targets extend to 1.2070 followed by 1.2000.
The EMA50 supports the expected decline, taking into consideration that failing to surpass 1.2155 will lead the price to start recovery attempts and achieve gains that start at 1.2220 followed by 1.2295.
The expected trading range for today is between 1.2050 support and 1.2220 resistance.
The expected trend for today: Bearish
The EURUSD keeps declining – Analysis - 14-06-2022
The EURUSD pair continues to decline to reach 1.0400 barrier, reinforcing the expectations of continuing the bearish trend, and the way is open to achieve our extended target at 1.0354, noting that breaking this level will cause more decline on the short term and medium term basis, as the next targets reach 1.0200 areas.
Therefore, the bearish trend scenario will remain suggested for the upcoming period unless the price rallied to breach 1.0550 and hold above it.
The expected trading range for today is between 1.0340 support and 1.0490 resistance.
The expected trend for today: Bearish
Evening update for Crude oil price 13-06-2022
Crude oil price provided strong positive trades to breach 117.10 and reach the most important resistance 119.35, finding solid barrier there that forces the price to rebound bearishly, and we need to monitor the trades to confirm the next destination clearly, as consolidating below the mentioned resistance will press on the price to resume the bearish track and head towards 115.70 followed by 113.70 levels as main negative stations.