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The USDJPY reaches the first target – Analysis - 25-01-2024
The USDJPY pair traded with clear negativity yesterday to reach slight difference from our waited target at 146.60, noticing that the price found solid support there, to rebound bullishly and head towards attempting to regain the bullish trend again, as it negotiates key resistance now at 147.60, and it needs to breach it to confirm the continuation of the rise to achieve gains that start by testing 148.80 level.
Therefore, the bullish bias will be expected for today supported by stochastic current positivity, taking into consideration that failing to breach 147.60 will stop the expected rise and push the price to decline again.
The expected trading range for today is between 147.00 support and 148.50 resistance
The expected trend for today: Bullish
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The GBPUSD approaches the first target - Analysis - 25-01-2024
The GBPUSD pair bounced bearishly after reaching few pips away from our first target at 1.2780, to test the EMA50 that forms good support now at 1.2710, noticing that stochastic gathers the positive momentum clearly, waiting to motivate the price to resume the bullish wave that its next target reaches 1.2825.
MoreThe EURUSD shows mixed trades - 25-01-2024
The EURUSD pair couldn’t manage to hold above 1.0890 level, to end yesterday negatively below this level, to face contradiction between the technical factors that makes us prefer to stay aside until we get clearer signal for the next trend, through breaking 1.0860 support or breaching 1.0890 resistance.
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