The USDJPY price provided clear positive trades yesterday after finding solid support at 148.65, to test the EMA50 that forms good resistance now at 149.80, to support the chances of bouncing bearishly and resume the negative trades again.

The GBPUSD price continued to rise to succeed achieving our waited target at 1.2765$, noticing that the price breached this level to settle above it and confirm the continuation of the bullish correction on the intraday and short-term basis, paving the way to achieve additional gains that reach 1.2925$.

The EURUSD price managed to breach 1.0600$ level and closed the daily candlestick above it, to confirm the continuation of the correctional bullish trend in the upcoming sessions, affected by the previously completed double bottom pattern, waiting for more rise on the intraday and short-term basis.

dogwifhat’s currency price (WIFUSD) fell in the intraday levels, amid the dominance of the main downward trend in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels. 

Therefore we expect more losses for the price, targeting the support of $0.06597, provided it settles below the resistance of $1.07640.

Trend forecast for today: Bearish