USDJPY Price Analysis

Expected Scenario

• The USDJPY price has been trading sideways in the previous sessions, settling above the 153.00 barrier.
• Waiting for positive momentum to push the price to resume the bullish wave, with the next target at 154.10.
• We continue to suggest the bullish trend on the intraday and short-term basis, organized inside the bullish channels visible on the chart.
• It is important to hold above 151.85 to guarantee the continuation of the suggested bullish wave.

The expected trading range for today is between 152.40 support and 154.00 resistance.

Trend Forecast

Bullish

GBPUSD Pair Analysis

Expected Scenario

• The GBPUSD pair tested the key resistance at 1.2580$ and bounced bearishly from there, indicating the continuation of the bearish trend for the upcoming period.
• The next negative target is the 50% Fibonacci correction level at 1.2480$.
• Moving below the EMA50 supports the continuation of the suggested bearish wave.
• Breaking the targeted level will extend the bearish wave to reach 1.2385$ as the next correctional level.
• The expected decline will remain valid unless breaching 1.2580$ and holding above it.

The expected trading range for today is between 1.2465$ support and 1.2610$ resistance.

Trend Forecast

Bearish

EURUSD Pair Analysis

Expected Scenario

The EURUSD pair tested the 1.0700$ barrier in the previous sessions and found solid support there, leading to temporary sideways trades. It's worth noting that the stochastic indicator is beginning to lose positive momentum, indicating a potential motivation for the price to continue its decline towards our expected target at 1.0645$.

Therefore, we continue to suggest a bearish trend for the upcoming period, supported by the EMA50. It's important to hold below 1.0765$ to maintain the expected negative scenario.

The expected trading range for today is between 1.0630$ support and 1.0790$ resistance.

Trend Forecast

Bearish

Brent Oil Price Analysis

Expected Scenario

• Brent oil price trades with clear negativity to press on 90.30$ level and attempts to break it, to hint heading to visit the bullish channel’s support line in the upcoming sessions, motivated by stochastic negativity that appears clearly now.
• Therefore, the bearish bias will be expected on the intraday basis, and the main target is located at 88.25$, taking into consideration that consolidating above 90.30$ will stop the current negative pressure and lead the price to resume the main bullish track again.

Expected Trading Range

Between 89.00$ support and 91.50$ resistance.