USDJPY approaches the target – Analysis - 24-09-2018
The USDJPY pair shows more bullish bias, organized inside the bullish channel that appears on the chart, which supports the chances of achieving our main expected target at 113.18, as the EMA50 provides the positive support to the price, while stochastic approaches the oversold areas.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, noting that breaching 113.18 will push the price towards 114.00 direct, while breaking 112.10 might push the price to test 111.16 areas before any new attempt to rise.
Expected trading range for today is between 112.00 support and 113.40 resistance
Expected trend for today: Bullish
GBPUSD suffers sharp losses – Analysis - 24-09-2018
The GBPUSD pair provided strong negative trades on last Friday after breaking 1.3226 level, to surpass our first negative target at 1.3120 and settles below it, paving the way for more decline in the upcoming period, targeting visiting 1.2963 as a next main station.
Therefore, the bearish bias will remain suggested on the intraday basis, noting that breaching 1.3120 will provide initial positive motive that will push the price to test 1.3226 level as a first positive target.
Expected trading range for today is between 1.2960 support and 1.3150 resistance.
Expected trend for today: Bearish
EURUSD approaches the support – Analysis - 24-09-2018
The EURUSD pair shows bearish bias to approach the key support 1.1705, affected by stochastic negativity, while the EMA50 keeps providing the positive support to the price, to protect the continuation of trading inside the intraday bullish channel that appears on the chart.
Therefore, we believe that the chances are valid to continue the bullish trend scenario on the intraday and short term basis, noting that we are waiting to breach 1.1800 to confirm extending the bullish wave towards 1.1975, taking into consideration that breaking 1.1705 will turn trades to decline to visit 1.1640 areas and might extend to 1.1443 on the near term basis.
Expected trading range for today is between 1.1660 support and 1.1850 resistance.
Expected trend for today: Bullish
Update: Ripple price achieves strong gains
Ripple price provided new strong bullish rallies to approach 0.80 barrier, and rebounds bearishly to settle around 0.60 now, hinting the price head to achieve more gains in the upcoming period, noting that surpassing 0.80 will push the price towards 0.96 as a next main station.