The USDJPY resumes the rise – Analysis - 13-06-2022
The USDJPY pair rallied upwards to approach our waited target at 135.00, to support the continuation of the bullish trend on the intraday and short term basis, getting continuous support by the EMA50, which reinforces the chances of achieving more gains that we expect to reach 135.50.
Holding above 133.75 is important to continue the expected rise, as breaking it will force the price to achieve some intraday bearish correction before turning back to rise again.
The expected trading range for today is between 134.20 support and 135.60 resistance
The expected trend for today: Bullish
The GBPUSD hits the extended target - Analysis - 13-06-2022
The GBPUSD pair managed to achieve our extended target at 1.2300 and surpassed it by today’s open to settle below it, which supports the chances of continuing the bearish trend on the intraday and short term basis, paving the way to head towards 1.2155 as a next main target.
The EMA50 continues to support the expected bearish wave, which will remain valid unless the price rallied to breach 1.2420 and hold above it.
The expected trading range for today is between 1.2190 support and 1.2350 resistance.
The expected trend for today: Bearish
The EURUSD confirms the break – Analysis - 13-06-2022
The EURUSD pair confirmed breaking 1.0550 level after closing last Friday below it, reinforcing the expectations of continuing the domination of the bearish trend, and the way is open to achieve our next target at 1.0460, which breaking it represents the key to head towards the previously recorded low at 1.0354.
Therefore, we expect to witness more decline in the upcoming sessions, noting that breaching 1.0550 will stop the current negative pressure and lead the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 1.0400 support and 1.0550 resistance.
The expected trend for today: Bearish
Evening update for Crude oil price 10-06-2022
Crude oil price traded with strong negativity to succeed achieving our waited target at 117.10 and attempts to break it, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, and we believe that the way is open to head towards our next target at 115.70, reminding you that the continuation of the expected decline depends on the price stability below 119.35.