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The USDJPY tests the support base – Analysis - 08-09-2023
The USDJPY pair tested the key support 146.55 and bounced bullishly from there, to settle above 147.00 barrier again, which keeps the bullish trend scenario valid and active for the upcoming period, motivated by stochastic positivity that appears clearly now, waiting to head towards our next target at 148.40.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 146.55 and holding below it.
The expected trading range for today is between 146.55 support and 148.10 resistance
The expected trend for today: Bullish
The GBPUSD tests the resistance - Analysis - 08-09-2023
The GBPUSD pair is testing the key resistance 1.2505 and keeps its stability below it until now, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the main bearish trend, which its next target located at 1.2395.
MoreThe EURUSD attempts to recover - 08-09-2023
The EURUSD pair found solid support at 1.0700 level, to show some slight bullish bias now, affected by stochastic positivity, and it might head to test the key resistance 1.0785 before turning back to decline again.
MoreMidday update for Brent oil 07-09-2023
Brent oil price shows more bearish bias to approach 90.00 barrier, affected by stochastic negativity, while the main bullish trend scenario still active as long as 89.10 level remains intact, supported by the EMA50 that carries the price from below, reminding you that our main waited targets begin at 92.35 and extend to 93.20.
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