The USDJPY price awaits the breach – Forecast today - 15-08-2024
The USDJPY price fluctuates near the key resistance 147.75, and we still waiting to breach this level to get positive motive that push the price to achieve our positive targets that start at 148.53 and extend to 151.10 after breaching the previous level.
Holding above 146.75 represents the first condition to the continuation of the expected rise, as breaking it will push the price to decline towards the critical support 145.36 before any new positive attempt.
The expected trading range for today is between 146.70 support and 148.40 resistance
Trend forecast: Bullish
The GBPUSD price tests the support - Forecast today - 15-08-2024
The GBPUSD price settles at the bullish channel’s support line, and attempts to consolidate above it, to keep the bullish trend scenario active on the intraday basis, and the price needs to breach 1.2870$ to reinforce the chances of rallying towards 1.2940$ followed by 1.3044$ levels, which represents the next main targets of the bullish wave.
The EMA50 supports the expected bullish trend, which will remain valid conditioned by the price stability above 1.2825$.
The expected trading range for today is between 1.2750$ support and 1.2910$ resistance.
Trend forecast: Bullish
The EURUSD price touches the channel’s resistance – Forecast today - 15-08-2024
The EURUSD price’s bullish rally stopped at the bullish channel’s resistance line that appears on the chart, to start providing bearish rebound signals from there, and according to the trading rules inside the channels, the price is on its way to build bearish wave that targets visiting this channel’s support line, located around 1.0820$.
Therefore, we expect to witness negative trades in the upcoming sessions, and breaking 1.0990$ will reinforce the expectations to decline, noting that breaching 1.1035$ will stop the suggested negative scenario and push the price to resume the main bullish trend again.
The expected trading range for today is between 1.0920$ support and 1.1070$ resistance.
Trend forecast: Bearish
Update: Bitcoin price (BTCUSD) under the negative pressure
Bitcoin price (BTCUSD) faces strong negative pressure to break 60326.70$ level and attempts to hold below it, to head towards potential turn to decline, targeting 56160.00$ areas in case confirming the consolidation below the broken level, noting that trading above 60326.70$ again will stop the current negative pressure and push the price to recover and achieve gains that reach 65480.00$.