The USDJPY surpasses the resistance – Analysis - 08-11-2023
The USDJPY pair provided additional positive trades to breach 150.10 and settles above it, to head towards achieving expected gains in the upcoming sessions, on its way to visit 151.70 as a next main target.
Therefore, we expect the continuation of the bullish bias on the intraday basis, waiting to get positive momentum that assist to push the price to achieve the suggested target, noting that breaking 150.10 will put the price under the negative pressure again, to head towards 148.25 areas mainly.
The expected trading range for today is between 150.00 support and 151.30 resistance
The expected trend for today: Bullish
The GBPUSD breaks the support - Analysis - 08-11-2023
The GBPUSD pair ended yesterday below 1.2300 level, to fall under expected additional negative pressure in the upcoming sessions, targeting testing 1.2240 followed by 1.2170 levels as main negative stations.
Therefore, the bearish bias will be expected for today unless breaching 1.2300 and holding above it again, which will lead the price to recover again and head towards 1.2460 as a main positive target.
The expected trading range for today is between 1.2200 support and 1.2350 resistance.
The expected trend for today: Bearish
The EURUSD awaits more decline - 08-11-2023
The EURUSD pair continued to decline to approach our waited target at 1.0640, and we suggest the continuation of the bearish bias to test the bullish channel’s support line that rises now to 1.0605.
Therefore, the bearish trend scenario will remain suggested for the upcoming period, supported by stochastic loss to the positive momentum clearly, taking into consideration that breaching 1.0760 will stop the negative scenario and push the price to resume the correctional bullish trend again.
The expected trading range for today is between 1.0610 support and 1.0750 resistance.
The expected trend for today: Bearish
Midday update for the NZDUSD 07-11-2023
The NZDUSD pair keeps declining to approach our waited target at 0.5900, accompanied by witnessing positive signals that might push the price to recover after testing the mentioned support, which urges caution from the upcoming trading, as breaking this level will push the price to 0.5850 direct, while breaching 0.5960 will push the price to recover again and test 0.6020 as a first positive station.
The expected trading range for today is between 0.5900 support and 0.6000 resistance
The expected trend for today: Bearish