USDJPY Price Analysis

Expected Scenario

• The USDJPY price shows positive trades to gradually approach the 157.70 level, and as we mentioned yesterday, the price needs to breach this level to reinforce the expectations of continuing the rise and open the way to achieve our positive targets that start at 158.40 and extend to 160.20.
• Note that the positive scenario depends on the completion of the double bottom pattern that its signs appear on the chart, supported by the EMA50 that carries the price from below, noting that the continuation of the bullish wave requires holding above 156.50.

Expected Trading Range

Between 156.50 support and 158.20 resistance.

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price tested 1.2700$ and bounced bullishly from there, to keep the bullish trend scenario valid for the upcoming period, which targets 1.2800$ followed by 1.2893$ levels as next main stations.
• Breaching 1.2750$ will ease the mission of rallying towards the suggested targets, while breaking 1.2700$ represents negative factor that will force the price to turn to decline and head towards 1.2580$ areas on the near-term basis.

Expected Trading Range

Between 1.2660$ support and 1.2820$ resistance.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price ended yesterday above 1.0760$ level, and begins today with bullish bias to hint the attempt to build intraday bullish wave and recover in the upcoming sessions, to head towards achieving positive targets that we expect to start at 1.0795$ followed by 1.0840$.
• Therefore, the bullish bias will be suggested for today, noting that failing to consolidate above 1.0760$ will stop the expected rise and push the price to decline again, to suffer new losses that reach 1.0720$ followed by 1.0675$.

Expected Trading Range

Between 1.0700$ support and 1.0850$ resistance.