The USDJPY surpasses the resistance – Analysis - 22-06-2022
The USDJPY pair rallied upwards to breach 135.60 level and settles above it, to head towards resuming the main bullish trend, opening the way to achieve new gains that start at 137.70 and extend to 139.10.
Therefore, we are waiting for more expected rise in the upcoming sessions supported by the EMA50, noting that breaking 135.60 will put the price under the correctional bearish pressure again.
The expected trading range for today is between 135.60 support and 136.80 resistance
The expected trend for today: Bullish
The GBPUSD gathers the positive momentum - Analysis - 22-06-2022
The GBPUSD pair shows bearish bias to approach retesting 1.2205 level again, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the bullish trend that its next main target located at 1.2490.
On the other hand, we should note that continuing the decline and breaking 1.2205 will stop the expected rise and put the price under negative pressure that its targets begin by visiting 1.2077 areas.
The expected trading range for today is between 1.2160 support and 1.2330 resistance.
The expected trend for today: Bullish
The EURUSD is satisfied with the first target – Analysis - 22-06-2022
The EURUSD pair couldn’t manage to hold for long time above 1.0550 level, to face negative pressure and break this level followed by breaking the intraday bullish channel’s support line, which stops the recently suggested positive scenario and lead the price to turn to decline again, on its way to achieve negative targets that start at 1.0445 and extend to 1.0355.
Therefore, the bearish bias will be suggested in the upcoming sessions unless breaching 1.0550 and holding above it again.
The expected trading range for today is between 1.0430 support and 1.0570 resistance.
The expected trend for today: Bearish
Adobe sharpens decline - Analysis - 21-06-2022
Adobe's stock declined in the intraday levels, after hitting a session-low at 338.00, a May 2020 low, bouncing off it higher and paring the losses to 1.18%, or 4.29 points, and settling at 360.79, with trading volumes surpassing 9.4 million shares, above 10-day averages of 3.8 million shares after reporting strong financial results for the second quarter, amid increased demand and momentum in new client classes, however the company downgraded its financial forecasts for the financial year.
The main downward trend dominates in the short term, with negative pressure from the 50-day SMA, countered by positive signals from the RSI after reaching oversold levels, as the stock tries to vent off oversold saturation.
Therefore we expect more losses for the stock, targeting the support of 326.35, provided it settles below the resistance of 377.80.
Expected trend for today: Bearish