The USDJPY pair continues to rise, and it needs to surpass 123.90 to ease the mission of rallying towards our next positive target at 125.00.
In general, we will continue to suggest the bullish trend as long as 122.62 level remains intact, noting that the EMA50 keeps protecting the expected bullish wave.
The expected trading range for today is between 123.30 support and 124.50 resistance
The expected trend for today: Bullish
The GBPUSD pair returns to decline, getting negative signal by stochastic now, waiting to motivate the price to provide more negative trades in the upcoming sessions, reminding you that our next target is located at 1.3000.
The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.3145.
The expected trading range for today is between 1.2980 support and 1.3130 resistance.
The expected trend for today: Bearish
The EURUSD pair resumed its negative trading after the temporary rise that it witnessed in the previous sessions, to settle below 1.0900 now, reinforcing the expectations of continuing the bearish trend, which targets 1.0775 as a next main station.
Stochastic provides negative signal that supports the expected decline, noting that holding below 1.0950 represents initial condition to continue the negative scenario.
The expected trading range for today is between 1.0820 support and 1.0950 resistance.
The expected trend for today: Bearish
Crude oil price declined strongly to break 98.95 level and opens the way to reactivate the bearish trend scenario, to head towards achieving negative targets that start at 94.00 and extend to 89.80, making the bearish bias suggested in the upcoming period unless breaching 98.95 and holding above it again.