USDJPY gets the positive momentum – Analysis - 19-07-2018
Economies.com
2018-07-19 03:17AM UTC
The USDJPY pair shows some slight bearish bias to test the intraday bullish channel’s support line, accompanied by stochastic reach to the oversold areas, to form positive motive that we expect to push the price to resume the bullish trend that its next target located at 113.38.
Therefore, we will keep our bullish overview for today conditioned by the price stability above 112.10, reminding you that breaching 113.38 will push the price towards 114.65 on the near term basis.
Expected trading range for today is between 112.00 support and 113.60 resistance
Expected trend for today: Bullish
Forex and Currency News
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex
Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...