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USDJPY approaches the target – Analysis - 18-07-2018
The USDJPY pair rallied upwards clearly yesterday to approach our waited target at 113.38, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, organized inside the bullish channel that appears on the chart, carried by the EMA50 from below.
Note that breaching the targeted level will extend the pair’s gains to reach 114.65 as a next main station, while the expected rise will remain valid unless breaking 111.90 and the most important 111.32 levels.
Expected trading range for today is between 112.25 support and 113.90 resistance
Expected trend for today: Bullish
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GBPUSD suffers sharp losses – Analysis - 18-07-2018
The GBPUSD pair declined sharply yesterday to break 1.3226 level and reach below 1.3100, which activates the bearish trend scenario again, paving the way to achieve more decline in the upcoming period, as the main negative target is located at 1.2962.
MoreEURUSD resumes the decline – Analysis - 18-07-2018
The EURUSD pair traded with strong negativity on yesterday’s evening to settle below 1.1705 level, and the price falls under continuous negative pressure coming by the EMA50, which supports the continuation of our bearish overview on the intraday and short term basis, noting that our waited targets begin at 1.1554 followed by 1.1443.
MoreUpdate: Ethereum price breaches the resistance
Ethereum price trades with clear positivity now to breach 496.00 level and settles above it, which urges caution from the upcoming trading, as holding above this level will turn the intraday and short term track upwards, to start the positive targets at 609.65, while holding below it again will reactivate the bearish trend scenario that its next target located at 358.00.
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