USDJPY Price Analysis

• The USDJPY price's recent trades are confined within a bullish pennant pattern visible on the chart.
• Breaking the pattern's resistance at 151.60 will provide positive momentum, leading to a resumption of the main bullish trend.
• This breach will open the way for the price to achieve new gains, surpassing the recently recorded high at 151.81 and targeting 153.00 as the next positive station.
• Positive trades in the upcoming sessions are expected, supported by the EMA50.
• Breaking below 151.10 will halt the expected rise and may lead to a bearish correction on the intraday basis.

Expected Trading Range for Today:

• Support: 150.70
• Resistance: 152.30

Trend Forecast: Bullish

GBPUSD Price Analysis

• The GBPUSD price found solid support at the 1.2580$ level, indicating some bullish bias.
• The price is approaching a retest of the broken neckline of the double top pattern visible on the chart.
• The EMA50 is exerting negative pressure on the price, supporting the chances of continuing the correctional bearish trend.
• The targets of this bearish trend extend to 1.2480$ after surpassing the previous level.
• The continuation of the bearish wave depends on the price stability below the 1.2700$ level.
• Breaching the 1.2700$ level could indicate a return to the main bullish track, targeting gains starting at 1.2800$.

Expected Trading Range for Today:

• Support: 1.2540$
• Resistance: 1.2700$

Trend Forecast: Bearish

EURUSD Price Analysis

• The EURUSD price settles at the broken neckline of the double top pattern, maintaining stability below it.
• This situation keeps the negative effect of the pattern active, waiting to resume the expected bearish trend on the intraday basis.
• Our first target is located at 1.0765$.
• Stochastic loses its positive momentum, reaching overbought areas, indicating a potential decline in the price.
• The mentioned pattern has negative targets, surpassing the mentioned level to reach 1.0690$.
• We continue to suggest the bearish trend unless the price rallies to breach 1.0860$ and holds above it.

Expected Trading Range for Today:

• Support: 1.0720$
• Resistance: 1.0870$

Trend Forecast: Bearish

Crude oil price rallied upwards strongly to succeed achieving our first waited target at 82.70$, finding solid resistance there, waiting to get positive motive that assist to push the price to surpass this level and head towards our next target at 83.56$, to continue suggesting the bullish trend for the upcoming period unless breaking 80.68$ and holding below it.