The USDJPY price attempts to recover – Forecast today - 02-01-2025
The USDJPY price rallied upwards clearly in the previous sessions to reach the key resistance 157.92, and finds solid resistance there to start bouncing bearishly and hint heading to resume the expected bearish correction on the intraday basis, waiting to visit 155.75 as a next main target.
Therefore, the bearish trend will remain expected for today, noting that breaching 157.92 will stop the suggested decline and lead the price to regain the main bullish trend again.
The expected trading range for today is between 156.40 support and 157.90 resistance
Trend forecast: Bearish
The GBPUSD price keeps its negative stability - Forecast today - 02-01-2025
The GBPUSD price reached 1.2500$ barrier, falling under the negative pressure formed by the EMA50, waiting to resume the bearish wave that targets 1.2400$ as a next main station.
The bearish channel continues to organize the suggested bearish wave, which will remain valid unless the price rallied to breach 1.2605$ and hold above it.
The expected trading range for today is between 1.2450$ support and 1.2600$ resistance
Trend forecast: Bearish
The EURUSD price approaches the first target – Forecast today - 02-01-2025
The EURUSD price traded with clear negativity in the previous sessions to approach the first waited target at 1.0333$, noticing that the price begins today with bullish bias affected by stochastic positivity, and it needs to get negative motive that push the price to resume the main bearish wave that its targets extend to reach 1.0250$ after breaking the previous level.
On the other hand, we should note that breaching 1.0385$ will stop the negative scenario and lead the price to achieve additional gains and test 1.0475$ areas before any new attempt to decline.
The expected trading range for today is between 1.0290$ support and 1.0445$ resistance
Trend forecast: Bearish
Peloton price seeks a bottom to boost it higher - Forecast today - 31-12-2024
Peloton Interactive’s stock price (PTON) fell in the intraday levels, while seeking a bottom to bounce it higher anew, as it leaned on the pivotal support of $8.96, amid the dominance of the main upward trend in the short term, with positive pressure due to trading above the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect the stock to return higher, targeting the pivotal resistance of $10.90, provided the support of $8.96 holds on.
Trend forecast for today: Likely Bullish