EUR JPY is below the resistance 23/5/2013
Economies.com
2013-05-23 08:41AM UTC
The pair achieved 133.80 yesterday achieving the suggested target around 133.20 to settle below 38.2% Fibonacci to notice the price affection by strong bullish wave that settles through it around the initial support level 130.90
The correctional bearish bias effect continues to record 130.90, as breaking this level will allow the price gain new negative momentum to achieve 130.35 then 129.30, we notice that Stochastic sharp decline from the overbought level towards 20 level supporting the bearish overview for today’s trading.
Expected trading range between 132.00 and 129.30
Expected trend for today: bearish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...