The USDJPY pair’s recent trades are confined within bullish pennant pattern that appears on the chart, thus, the price needs to beach 114.35 to get positive motive that push trades to resume the bullish trend, which its next target located at 114.70.
Therefore, we believe that the chances valid to continue the expected bullish trend for the upcoming period, noting that breaking 114.00 will stop the positive scenario and press on the price to start correctional bearish wave on the intraday basis.
The expected trading range for today is between 113.70 support and 115.00 resistance
The expected trend for today: Bullish
The GBPUSD pair opens today with clear positivity to move away from 1.3720 level, which supports the continuation of our bullish overview on the intraday and short term basis, motivated by stochastic positivity, and the way is open to achieve our first waited positive target at 1.3795, noting that breaching this level will extend the bullish wave to reach 1.3910 as a next target.
The EMA50 supports the suggested bullish wave, which its continuation requires holding above 1.3720.
The expected trading range for today is between 1.3690 support and 1.3850 resistance.
The expected trend for today: Bullish
The GBPUSD pair opens today with clear positivity to move away from 1.3720 level, which supports the continuation of our bullish overview on the intraday and short term basis, motivated by stochastic positivity, and the way is open to achieve our first waited positive target at 1.3795, noting that breaching this level will extend the bullish wave to reach 1.3910 as a next target.
The EMA50 supports the suggested bullish wave, which its continuation requires holding above 1.3720.
The expected trading range for today is between 1.3690 support and 1.3850 resistance.
The expected trend for today: Bullish
The EURUSD pair managed to breach 1.1615 level and hold above it, to activate the positive effect of the inverted head and shoulders’ pattern that its signs appear on the chart, reinforcing the chances of achieving more gains that start at 1.1670 and extend to 1.1760.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, supported by the EMA50, noting that breaking 1.1615 will stop the expected rise and press on the price to return to the bearish track again.
The expected trading range for today is between 1.1570 support and 1.1720 resistance.
The expected trend for today: Bullish