The USDJPY presses on the support – Analysis - 11-09-2023
The USDJPY pair approached 148.00 barrier on last Friday, but it begins today with clear decline to start pressing on the key support 146.55, to head towards achieving expected decline in the upcoming sessions, motivated by stochastic negativity that appears clearly now, to head towards starting bearish correction that targets testing 145.55 initially.
Therefore, the bearish bias will be suggested for today, noting that the consolidation of 146.55 level against the current negative pressure will lead the price to rise again and achieve gains that start by visiting 148.44 areas.
The expected trading range for today is between 144.80 support and 147.20 resistance
The expected trend for today: Bearish
The GBPUSD attempts positively - Analysis - 11-09-2023
The GBPUSD pair returns to test 1.2505 level, noticing that the price recorded higher lows that hint heading to rise in the upcoming sessions, noting that surpassing the mentioned level will push the price to 1.2625 mainly.
Therefore, the bullish bias will be suggested for today, supported by the positive signal provided by stochastic now, taking into consideration that failing to breach 1.2505 will push the price to resume the main bearish trend again, which its next target located at 1.2395.
The expected trading range for today is between 1.2430 support and 1.2590 resistance.
The expected trend for today: Bullish
The EURUSD gets a positive signal - 11-09-2023
The EURUSD pair begins today with bullish bias to move away from 1.0700 barrier, noticing that stochastic overlaps positively now, thus, we believe that the price is on its way to achieve gains in the upcoming sessions, targeting testing 1.0785 initially, noting that breaching this level will extend the bullish wave to reach 1.0880 areas on the near-term basis.
Note that the consolidation of 1.0785 against the current rise will push the price to resume the main bearish track, while on the other hand, breaking 1.0700 will stop the suggested positive scenario and push the price to decline again.
The expected trading range for today is between 1.0650 support and 1.0810 resistance.
The expected trend for today: Bullish
JPMorgan exposed to negative pressure - Analysis - 08-09-2023
JPMorgan Chase's stock (JPM) fell in the intraday levels, confirming the breach of the upward medium-term trend line, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite settling at oversold levels.
Therefore we expect more losses for the stock, targeting the first support at 137.62, provided the current support of 144.34 was pierced.
Expected trend for today: Bearish