EURJPY attempts to resume the bullish attack – Analysis – 29-6-2017

Economies.com
2017-06-29 09:27AM UTC

The EURJPY pair continues to provide new bullish trading attempting to surpass 127.80 level that forms the extension of the bullish channel's resistance, while we recommend waiting to get positive close above the current resistance to confirm keeping the bullish bias domination followed by waiting to reach 129.80 that forms 50% Fibonacci correction level as appears on chart.

 

Stochastic consolidation within the overbought areas increases the chances to gain new positive momentum and allow it to resume the bullish attack until achieving the waited target.

 

Expected trading range for today is between 127.00 and 129.80

 

Expected trend for today: Bullish

Forex and Currency News

EUR/USD news

Forex

Euro declines to five-week trough amid thin trading
2024-03-29 08:19AM UTC
Euro Decline Amid Holiday Thin Trading Euro declined in European trade on Friday against a basket ...
Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...

Forex Technical Analysis

Technical Analysis

Forex

The NZDCAD moves to the bearish track – Forecast today – 29-3-2024
2024-03-29 06:18AM UTC
NZDCAD Pair Forecast for Today - 29-3-2024 The NZDCAD pair surrendered to the negative ...
EUR JPY Analysis

Forex

The EURJPY declines below the support – Forecast today – 29-3-2024
2024-03-29 06:13AM UTC
EURJPY Pair Forecast for Today - 29-3-2024 The EURJPY pair surrendered to the negative ...
GBP JPY Analysis

Forex

The GBPJPY has to decline – Forecast today – 29-3-2024
2024-03-29 06:12AM UTC
GBPJPY Pair Forecast for Today - 29-3-2024 The GBPJPY pair still confined with many negative ...