The USDJPY pair fluctuates within tight sideways track since yesterday, moving near 133.30 level, as it keeps its stability below it until now, which keeps the chances valid to resume the main bearish trend, which its targets begin at 131.60 followed by 130.40.
The price needs to get negative motive that assists to push to achieve the expected decline, noting that breaking 132.00 will ease the mission of achieving the waited targets, while breaching 133.30 represents positive factor that will push the price to turn to rise on the intraday and short term basis.
The expected trading range for today is between 131.90 support and 133.50 resistance
The expected trend for today: Bearish
The GBPUSD pair shows positive trades to approach our main waited target at 1.2440, organized inside the bullish channel that appears on the chart, which has positive targets that surpass the mentioned level to reach 1.2610 areas.
Therefore, the bullish trend scenario will remain valid and active, getting good positive support by the EMA50, taking into consideration that breaking 1.2325 followed by 1.2270 levels will stop the expected rise and press on the price to achieve some intraday bearish correction.
The expected trading range for today is between 1.2310 support and 1.2480 resistance.
The expected trend for today: Bullish
The EURUSD pair provided additional positive trades yesterday to surpass 1.0900 level and attempts to hold above it, which supports the continuation of the expected bullish trend on the intraday and short term basis, its next target located at 1.1032.
Therefore, we will continue to suggest the bullish trend for the upcoming period, which gets continuous support by the EMA50, noting that breaching 1.0920 is important to continue the rise, as failing to breach it will form negative formation that might press on the price to turn to decline and head towards 1.0805 areas initially.
The expected trading range for today is between 1.0840 support and 1.1000 resistance.
The expected trend for today: Bullish
Lululemon Athletica's stock (LULU) surged in the intraday levels after the clothes retailer reported forecast-beating quarterly results and presented strong full-year outlook, marking a remarkable profit of 12.72% in the last session, or 40.73 points, and settling at 361.04, with trading volumes surpassing 11.5 million shares, above 10-day averages of 3.2 million shares.
Technically, the stock is dominated by the upward correctional short-term trend, while trading above the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 386.70, provided it settles above 328.16.
Expected trend for today: Bullish