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USDJPY resumes rising – Analysis - 19-10-2017
The USDJPY pair rallied upwards clearly yesterday to breach 112.45 level and settles above it, which stops the recently suggested correctional bearish scenario and push the price to resume the short term bullish track, approaching from the first target at 113.44.
Therefore, the bullish trend will be expected in the upcoming sessions, and breaching the first target will push the price towards 114.50 direct, while the expected rise will remain valid unless breaking 112.00 and holding below it.
Expected trading range for today is between 112.45 support and 114.00 resistance.
Expected trend for today: Bullish
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GBPUSD keeps its positive stability – Analysis - 19-10-2017
The GBPUSD pair consolidated well above the bullish channel's support after attempting to break it yesterday, to keep the bullish trend scenario active until now, waiting to breach 1.3295 level to ease the mission of continuing the rise on the intraday and short term basis, as the main targets begin at 1.3418 and extend to reach the previously recorded top at 1.3618.
MoreEURUSD approaches from the resistance – Analysis - 19-10-2017
The EURUSD pair fluctuates around the EMA50 now, noticing that stochastic loses its positive momentum accompanied by the price approach from the key resistance that declines now to 1.1840, which keeps the chances valid to resume the recently suggested bearish bias.
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Crude oil price provided some mixed trading today but it returns to settle around 52.00 level, thus, no change on the bullish trend scenario that depends on holding above 51.12 level, while its main targets begin at 52.84 and extend to 54.40.
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