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The USDJPY within sideways track – Analysis - 04-03-2024
The USDJPY pair shows sideways trades as appears on the chart, between 149.70 support and 150.88 resistance, to keep our neutrality valid until now, as we are waiting to surpass one of these levels to detect the next targets clearly.
We remind you that breaking the support will complete forming negative pattern that will push the price to visit 148.37 direct, while breaching the resistance will lead the price to continue the main bullish trend followed by heading to test 152.00 as a next positive target.
The expected trading range for today is between 149.40 support and 151.00 resistance
The expected trend for today: Neutral
The GBPUSD attacks the resistance - Analysis - 04-03-2024
The GBPUSD pair ended last Friday positively, as it attacked the key resistance 1.2650 and settled there, to hint heading to regain the main bullish trend again, especially that the recent trades are confined within minor bearish channel that might form bullish flag pattern in case breaching its resistance at 1.2670, which might push the price to achieve gains that start at 1.2760 followed by 1.2827.
MoreThe EURUSD attempts to recover - 04-03-2024
The EURUSD pair provided slight positive trades in the previous sessions to approach the first key resistance 1.0860, noticing that stochastic lost its positive momentum to show clear overbought signals now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next target located at 1.0765.
MoreEvening update for Crude oil price 01-03-2024
Crude oil price traded with strong positivity to surpass our first waited target at 80.00 and open the way to achieve more gains in the upcoming period, reminding you that our next station is located at 81.55, and the price needs to consolidate above 80.00 as a first condition to the continuation of the bullish wave and guarantee not turning to achieve some intraday bearish correction before turning back to rise.
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