EURJPY keeps the bullish bias – Analysis – 9-3-2017

Economies.com
2017-03-09 09:14AM UTC

The EURJPY price confirmed the continuation of the bullish attempts, to provide clear positive close above the moving average 55 , which forms the initial support at 120.00, attracted to the barrier at 122.10 that forms the first expect target in the previous report, and breaching the current barrier important for opening the way towards recording more of the targets that begin at 122.10 reaching to the top at 124.05.

 

Note that the continuation of stochastic fluctuation below 50 level might decelerate the price attempts to achieve the required breach, which forces it to provide new sideways trading by its confinement between the moving average 55 and the current barrier at 121.10.

 

Expected trading range for today is between 120.00 and 122.10

 

Expected trend for today: fluctuated.

Forex and Currency News

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 News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price faces temporary negative pressure – Forecast today - 29-03-2024
2024-03-29 01:48AM UTC
USDCHF Price Analysis Expected Scenario: Bullish Trend The USDCHF pair rebounded bearishly ...
NZD USD Analysis

Forex

The NZDUSD price keeps its negative stability – Forecast today - 29-03-2024
2024-03-29 01:47AM UTC
NZDUSD Price Analysis Expected Scenario: Bearish Trend The NZDUSD price remains below the ...
AUD USD Analysis

Forex

The AUDUSD price awaits confirmed break – Forecast today - 29-03-2024
2024-03-29 01:47AM UTC
AUDUSD Price Analysis Expected Scenario: Bearish Momentum The AUDUSD price failed to sustain ...