The USDJPY reaches the first target – Analysis - 20-06-2022
The USDJPY pair rallied upwards strongly on last Friday to reach few pips away from our first main waited target at 135.50, noticing that the price found solid resistance there, to start bouncing bearishly, which makes us suggest witnessing negative trades in the upcoming sessions, targeting testing 133.50 mainly.
Stochastic negativity supports the expected decline, noting that breaching 135.60 will stop the negative scenario and lead the price to continue the rise and head to visit 136.00 barrier initially.
The expected trading range for today is between 134.00 support and 135.50 resistance
The expected trend for today: Bearish
The GBPUSD retests the neckline - Analysis - 20-06-2022
The GBPUSD pair continued to decline to retest the breached neckline of the inverted head and shoulders’ pattern that appears on the chart, noticing that the price kept its stability above this level, accompanied by witnessing clear positive signals through stochastic, which motivates the price to start providing positive attempts now.
Therefore, we will keep our bullish overview unless breaking 1.2205 and holding below it, reminding you that our next main target reaches 1.2490.
The expected trading range for today is between 1.2160 support and 1.2320 resistance.
The expected trend for today: Bullish
The EURUSD is satisfied with the first target – Analysis - 20-06-2022
The EURUSD pair managed to achieved our first waited target at 1.0470 and found solid support base there, to rebound bullishly and start building bullish wave on the intraday basis, paving the way to return to the correctional bullish track, targeting testing 1.0550 initially, which breaching it represents the gate to rally towards 1.0670 as a next positive target.
Therefore, we expect to witness more bullish bias in the upcoming sessions unless breaking 1.0445 and holding below it.
The expected trading range for today is between 1.0450 support and 1.0610 resistance.
The expected trend for today: Bullish
Evening update for Brent oil price 17-06-2022
Brent oil price resumed its negative trading sharply to break 115.10 and approach the extended negative stations that reach 110.10, and we expect to witness more decline in the upcoming sessions to break the last level and head towards 105.05 areas, making the bearish bias suggested on the intraday and short term basis condition by the price stability below 115.10.