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USDJPY retests – Analysis - 16-01-2018
The USDJPY pair retests 111.00 level that was broken previously, affected by stochastic positivity that loses its bullish momentum clearly to approach the overbought areas, while the EMA50 forms negative pressure against the intraday trades.
Therefore, these factors encourage us to continue suggesting the bearish trend domination in the upcoming sessions, as our next target is located at 110.15, reminding you that breaking this level will extend the pair's losses to reach 109.06 as a next station, while the expected decline will remain valid unless the price rallied to breach 111.90 level and hold above it.
Expected trading range for today is between 109.80 support and 111.50 resistance.
Expected trend for today: Bearish
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GBPUSD needs the positive momentum – Analysis - 16-01-2018
The GBPUSD pair settles within tight track after touching 1.3800 level, and the price might witness more sideways fluctuation until managing to get rid of its negative momentum and gain enough positive momentum to push trading to continue the main bullish trend.
MoreEURUSD within positive pattern – Analysis - 16-01-2018
The EURUSD pair shows some slight bearish bias affected by stochastic negativity, noticing that the recent trades are confined inside bullish flag that appears on the minor image, which means that breaching 1.2280 will activate the positive effect of this pattern and push the price to breach 1.2300 level and eases the mission of heading towards our next main target at 1.2565.
MoreEnd of day analysis for Crude oil 15-01-2018
Crude oil price succeeded to end today's trading above 64.45 level, which supports the continuation of our bullish overview efficiently in the upcoming period, paving the way to head towards our next target at 66.75, reminding you that it is important to hold above 63.05 to achieve the waited targets.
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