The USDJPY pair surpassed 133.30 level and approached 132.00 barrier, but it bounced bullishly to settle around the first level, noticing that the price begins today positively to move away from this level, which hints heading to start bullish wave that we expect to target 135.40 areas initially.
Therefore, the bullish bias will be suggested for today, supported by stochastic positivity that appears on the four hours’ time frame, being aware that breaking 133.30 will stop the expected rise and press on the price to suffer additional losses that reach 131.75 as a next negative target.
The expected trading range for today is between 133.00 support and 134.50 resistance
The expected trend for today: Bullish
The GBPUSD pair resumed its positive trades to test 1.2200 barrier, reinforcing the expectations of continuing the bullish trend, waiting for more rise to visit 1.2260 level that represents our next target.
The EMA50 supports the price from below, and surpassing the targeted level will push the price to 1.2440 as a next main station, while stochastic negativity might cause some temporary sideways fluctuation before rising again.
Holding above 1.2070 represents the first condition to continue the bullish wave, as breaking it represents negative factor that will press on the price to visit 1.1940 initially.
The expected trading range for today is between 1.2070 support and 1.2250 resistance.
The expected trend for today: Bullish
The EURUSD pair found solid resistance at 1.0745 and couldn’t manage to breach it, to start providing negative trades by today’s open, noticing that stochastic shows negative signals that press on the price to decline.
Therefore, we expect to witness bearish bias in the upcoming sessions, and the targets begin at 1.0620 and extend to 1.0515 after surpassing the previous level, noting that breaking 1.0690 will ease the mission of achieving the waited targets.
Note that breaching 1.0745 will stop the suggested negative scenario and lead the price to achieve new gains that reach 1.0800 followed by 1.0925.
The expected trading range for today is between 1.0610 support and 1.0770 resistance.
The expected trend for today: Bearish
Crude oil price declined sharply and quickly to break 75.64 level and reach 72.00$ per barrel barrier, affected by the Silicon Valley bank’s collapse, trading near 75.64 level again now, settling below it, making the bearish bias suggested in the upcoming sessions, but we recommend to stay aside until the price settles, through monitoring the mentioned level, noting that holding below it will push the price to decline towards 70.30 areas on the near term basis, while stepping above it might lead the price to build new bullish wave on the intraday basis.