EURJPY without any news – Analysis – 28-12-2016

Economies.com
2016-12-28 08:09AM UTC

No news for the EURJPY price by its repeated fluctuation below the bearish channel’s resistance at 123.80, to keep the bearish correctional expectation in the upcoming trading, we wait for gathering new negative momentum, which increase the chances for reaching 121.60, waiting for breaking this level to extend the expected losses to reach 120.00 in the upcoming period.

 

We should mention that the price rally above the mentioned resistance will cancel the bearish overview, to open the way towards building new bullish bias, to target positive levels that begin at 124.60 reaching to 126.15.

 

Expected trading range for today is between 123.80 and 121.60

 

Expected trend for today: Bearish

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

EUR USD Analysis

Forex

End of day EURUSD price forecast update - 28-03-2024
2024-03-28 17:42PM UTC
The EURUSD price provided additional negative trades to reach the thresholds of the first waited ...
NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...