The USDJPY price touches the target – Forecast today - 12-12-2024
The USDJPY price managed to touch our waited target at 152.70 and found solid resistance there, to show some slight bearish bias, waiting to gather positive momentum that push the price to breach this level and open the way to continue the rise on the intraday and short-term basis, noting that the next target reaches 154.00.
Note that the positive scenario depends on the price affection by the previously completed double bottom pattern, noting that breaking 151.20 will push the price to suffer intraday losses and test 150.18 before any new positive attempt.
The expected trading range for today is between 151.50 support and 153.10 resistance
Trend forecast: Bullish
The GBPUSD price keeps its positive stability - Forecast today - 12-12-2024
The GBPUSD price shows bullish bias and attempts to move away from 1.2735$ level, to keep the bullish trend scenario valid on the intraday basis, affected by the inverted head and shoulders’ pattern, waiting to visit 1.2865$ as a next main target.
The continuation of the bullish wave depends on the price stability above 1.2735$, as breaking it represents negative key that will push the price to turn to decline and build bearish wave that its targets begin by visiting 1.2650$ areas.
The expected trading range for today is between 1.2700$ support and 1.2850$ resistance
Trend forecast: Bullish
The EURUSD price approaches the target – Forecast today - 12-12-2024
The EURUSD price shows some slight bullish bias after reaching few pips away from our waited target at 1.0475$, affected by stochastic positivity, while we still suggest witnessing new negative trades in the upcoming sessions, waiting to break the mentioned level to confirm opening the way to target 1.0400$ as a next station.
Therefore, the bearish trend will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 1.0563$ will push the price to achieve new bullish correction that its next target reaches 1.0635$.
The expected trading range for today is between 1.0430$ support and 1.0560$ resistance
Trend forecast: Bearish
End of day Ethereum price (ETHUSD) forecast update - 11-12-2024
Ethereum price (ETHUSD) confirmed breaching 3680.00$ to head towards the attempt to regain the main bullish trend, noting that continuing the rise and breaching 3855.00$ will push the price back to the bullish channel to head towards achieving gains that reach 4086.00$ as a next positive station, noting that the continuation of the bullish wave depends on the price stability above 3680.00$.