The USDJPY pair fluctuates positively to test the key resistance 128.90, accompanied by stochastic reach to the overbought areas, while the EMA50 forms negative pressure against the price, thus, we believe that the chances valid to resume the main bearish trend, which targets 127.10 followed by 126.35 levels as next main stations.
Therefore, the bearish bias will be suggested for today unless breaching 128.90 and holding with a daily close above it.
The expected trading range for today is between 127.60 support and 129.50 resistance
The expected trend for today: Bearish
The GBPUSD pair resumes its positive trading to approach 1.2440 level, and continues to move inside the bullish channel that supports the chances of breaching the mentioned level to open the way to head towards 1.2590 as a next station.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that it is important to hold above 1.2295 to continue the expected rise.
The expected trading range for today is between 1.2310 support and 1.2480 resistance.
The expected trend for today: Bullish
The EURUSD pair crawls upwards to move away from the EMA50, reinforcing the expectations of continuing the bullish trend in the upcoming period, which targets 1.0915 level as a next main station.
The price might witness some temporary sideways fluctuation affected by stochastic negativity before resuming the expected rise, taking into consideration that holding above 1.0745 is important to achieve the positive targets.
The expected trading range for today is between 1.0760 support and 1.0930 resistance.
The expected trend for today: Bullish
Crude oil price rallied upwards strongly to breach 78.90 level and achieve clear gains, approaching 81.60 level, noting that continuing the rise and breaching this level will lead the price to achieve more gains and head towards 83.00, while the bullish bias will remain valid unless breaking 78.90 and holding below it again.