GBP/JPY
The pair continued to trade narrowly yesterday, while stochastic is losing the bullish momentum over the four-hour time-frame. Therefore, we continue to anticipate intraday bearishness supported by the negative pressure coming from the 50 EMA, taking into consideration that breaching 120.70-120.40 support area will accelerate the bearish move.
The trading range for the day may be among the 119.50 support and 122.60 resistance.
The short term trend is to the downside targeting 122.00 so long as 150.00 remain intact.
EUR/JPY
Narrow trading as well, where the pair found a good support at 103.40 supported by positivity on momentum indicators. Therefore, we remain anticipating a slight upside correction toward 104.25 before resuming the intraday downside move which depends mainly on settling below 104.75 level. Th awaited targets reside at 102.10 followed by 100.75.
The trading range for the day may be among the 100.75 support and 104.75 resistance.
The short term trend is to the downside targeting 94.80 so long as 123.30 remain intact.
EUR/GBP
The royal pair continues to trade near the support of the side-way range at 0.8525, while daily closings remain above the level. We still think that a bullish move is likely testing areas around 0.8670, while breaching 0.8525 will open the door toward more bearishness targeting the support of the main descending channel around 0.8370.
The trading range for the day may be among the 0.8415 support and 0.8720 resistance.
The short term trend is to the upside targeting 1.0370 so long as 0.8165 remain intact
The pair continued to trade narrowly yesterday, while stochastic is losing the bullish momentum over the four-hour time-frame. Therefore, we continue to anticipate intraday bearishness supported by the negative pressure coming from the 50 EMA, taking into consideration that breaching 120.70-120.40 support area will accelerate the bearish move.
The trading range for the day may be among the 119.50 support and 122.60 resistance.
The short term trend is to the downside targeting 122.00 so long as 150.00 remain intact.
EUR/JPY
Narrow trading as well, where the pair found a good support at 103.40 supported by positivity on momentum indicators. Therefore, we remain anticipating a slight upside correction toward 104.25 before resuming the intraday downside move which depends mainly on settling below 104.75 level. Th awaited targets reside at 102.10 followed by 100.75.
The trading range for the day may be among the 100.75 support and 104.75 resistance.
The short term trend is to the downside targeting 94.80 so long as 123.30 remain intact.
EUR/GBP
The royal pair continues to trade near the support of the side-way range at 0.8525, while daily closings remain above the level. We still think that a bullish move is likely testing areas around 0.8670, while breaching 0.8525 will open the door toward more bearishness targeting the support of the main descending channel around 0.8370.
The trading range for the day may be among the 0.8415 support and 0.8720 resistance.
The short term trend is to the upside targeting 1.0370 so long as 0.8165 remain intact