|
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.
MoreThe 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.
MoreJPMorgan 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.
More