The USDJPY price continued to rise yesterday to touch 154.70 level, waiting for more rise to achieve the first positive target at 155.00, which breaching it represents the key to head towards 156.00 followed by 156.80 levels as next positive stations.

The bullish channel organizes the suggested bullish wave, taking into consideration that breaking 153.65 will stop the expected rise and push the price to target this channel’s support line around 151.70 before any new positive attempt.

The expected trading range for today is between 153.70 support and 155.20 resistance

Trend forecast: Bullish

The GBPUSD price finds solid support at 1.2866$, to fluctuate within sideways track near this level, and we still expect the continuation of the correctional bearish trend in the upcoming sessions to achieve additional negative targets that reach 1.2735$, supported by the EMA50.

Holding below 1.3000$ is important to the continuation of the expected decline, as breaching it is considered as the first key to return to the main bullish track again and head to achieve gains that start at 1.3100$ followed by 1.3166$.

The expected trading range for today is between 1.2820$ support and 1.2980$ resistance

Trend forecast: Bearish

The EURUSD price shows some bullish bias after approaching 1.0650$ level in the previous sessions, affected by stochastic current positivity, waiting to get negative motive that assist to push the price to resume the expected bearish trend for the upcoming period, reminding you that our next target reaches 1.0570$.

The EMA50 forms negative pressure against the price to support the expectations to decline, noting that breaching 1.0775$ will stop the bearish wave and lead the price to attempt to recover on the intraday basis.

The expected trading range for today is between 1.0650$ support and 1.0800$ resistance

Trend forecast: Bearish

Lennar Corporation’s stock price (LEN) rose in the intraday levels, amid the dominance of the main upward trend in the short term, with positive signals from the RSI after reaching oversold levels, as the stock tries to shake off negative pressure from trading below the 50-day SMA. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of $193.80, provided the support of $165.88 holds on.