The USDJPY within tight track – Analysis - 22-06-2020
The tight range keeps dominating the USDJPY pair’s trading, falling under continuous negative pressure coming by the EMA50, which keeps the bearish trend scenario valid as it is without any change, which targets testing 106.44 as a next station, reminding you that breaking this level will push the price to 105.20 as a next negative target, while holding below 107.68 represents key condition to continue the suggested decline.
The expected trading range for today is between 106.00 support and 107.50 resistance
The expected trend for today: Bearish
The GBPUSD approaches the target – Analysis - 22-06-2020
The GBPUSD pair provided more negative trades to approach our main waited target at 1.2304, noticing that the price begins today positively affected by stochastic positivity, which makes us suggest witnessing bullish bias in the upcoming sessions, targeting testing 1.2515 mainly.
Therefore, the bullish trend will be expected for today unless breaking 1.2304 and holding below it, as breaking this level will put the price under additional negative pressure that its next target reaches 1.2093.
The expected trading range for today is between 1.2300 support and 1.2490 resistance.
The expected trend for today: Bullish
The EURUSD faces solid support – Analysis - 22-06-2020
The EURUSD pair succeeded to touch our first waited target at 1.1175, noticing that the price found solid support there, and it couldn’t break it after testing it many times, to start today with bullish bias and moves away gradually from this level, which hints the price head to achieve intraday gains in the upcoming sessions, on its way to test 1.1270 mainly.
Therefore, the bullish bias will be suggested for today, noting that breaching the targeted level will lead the price to achieve more gains on the short term basis, while breaking 1.1175 represents negative factor that will press on the price for more bearish correction and head towards 1.1100 as a next negative station.
The expected trading range for today is between 1.1110 support and 1.1300 resistance.
The expected trend for today: Bullish
End of day analysis for Crude oil 19-06-2020
Crude oil price succeeded to touch our waited target at 40.41 and faces solid resistance there, to show some bearish bias affected by stochastic negativity, waiting to breach the mentioned level to confirm opening the way to achieve more gains on the short term basis, as the next target reaches 43.05, while the expected rise will remain valid unless breaking 38.60 and holding below it.