Daily analysis of EUR/JPY for MaY 27, 2016

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Overview

The EUR/JPY price again failed to surpass the initial resistance at 123.15. It was forced to form bearish waves to settle at 122.60 as you can see at the image above. In spite of the previous negative pressure, stability of the support at 122.20 is backing the bullish movement in the upcoming period. There is a possibility of the price rally towards the first target at 123.70. The continuation of the negative pressure and an attempt to settle below the mentioned support will cancel the bullish overview to start forming a negative attack to target the 121.00 level.

The expected trading range for today is between 122.20 and 123.70.

The material has been provided by InstaForex Company - www.instaforex.com

Daily analysis of USD/JPY for May 27, 2016

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Overview

The price continues forming strong obstacle against the USD/JPY pair's positive attempts, which forces the price to fluctuate within a sideways track and show some slight negative trading. Stochastic continues attempting to gather the positive momentum in the daily time frame. In general, we will continue suggesting the bullish trend on the intraday and short-term basis unless breaking the 106.63 level. Our next main target is located at 113.97. The expected trading range for today is between the 109.00 support and the 111.00 resistance.

The material has been provided by InstaForex Company - www.instaforex.com

Daily analysis of Gold for May 27, 2016

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Overview

The gold price has been trading sideways in a tight range since morning settled at $1,220.00 as long as the price is below $1,243.17. So our bearish trend expectations will remain valid and active for the rest of the day, supported by the negative pressure that comes from the EMA50; current stochastic positivity explains the reasons for the sideways fluctuation. Our next main target is located at $1,205.80 and a break of this level will extend the bearish correctional wave to $1,175.60 directly.

The expected trading range for today is between the $1,190.00 support and the $1,230.00 resistance.

The material has been provided by InstaForex Company - www.instaforex.com