The USDJPY resumes the bullish bias – Analysis - 30-12-2021
The USDJPY pair shows calm positive trades to attempt to surpass 115.00 barrier, reinforcing the expectations of continuing the bullish trend, and the way is open to achieve our waited target at 115.50.
The EMA50 continues to support the bullish wave, noting that breaching the targeted level will extend the bullish wave to reach 116.50 as a next main station, while holding above 114.00 represents key condition to achieve the suggested targets.
The expected trading range for today is between 114.50 support and 115.80 resistance
The expected trend for today: Bullish
The GBPUSD hits the first target - Analysis - 30-12-2021
The GBPUSD pair managed to achieve our first waited target at 1.3485 and attempts to breach it now, reinforcing the chances of continuing the bullish correction, which its next target located at 1.3565.
Therefore, we expect to witness more rise in the upcoming sessions, noting that the continuation of the bullish wave requires holding above 1.3410.
The expected trading range for today is between 1.3400 support and 1.3575 resistance.
The expected trend for today: Bullish
The EURUSD shows mixed trades – Analysis - 30-12-2021
The EURUSD pair didn’t settle for long time below 1.1300 level, to rally upwards and approach testing the key resistance 1.1375, to keep the price confined between these levels that represent the next trend keys, as the price needs to breach one of them to detect its next destination clearly.
Therefore, our neutrality will remain valid until now, reminding you that confirming breaking the support will press on the price to decline towards 1.1150 as a main negative target, while breaching the resistance will lead the price to achieve bullish correction that targets 1.1500 followed by 1.1560 levels mainly.
The expected trading range for today is between 1.1240 support and 1.1420 resistance.
The expected trend for today: Depends on the above mentioned levels
Update: Crude oil price declines calmly
Crude oil price presses negatively on the bullish channel’s support line, which urges caution from the upcoming trading, as continuing the decline and breaking 75.45 will stop the positive overview and press on the price to turn to decline and test 73.60 areas before any new attempt to rise.