USDJPY loses momentum – Analysis - 14-04-2017
Economies.com
2017-04-14 03:00AM UTC
The USDJPY pair settles around 109.00 level, and the negative effect of the double top pattern still active, which keeps our bearish overview valid until now, waiting to target 106.63 level as a next main station.
The EMA50 keeps supporting the suggested bearish wave, while stochastic loses its positive momentum gradually to support the decline expectations, which will remain valid unless breaching 110.10 level and hold above it.
Expected trading range for today is between 108.00 support and 110.10 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The USDCHF price faces solid resistance – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price encountered solid resistance at ...
Forex
The NZDUSD price rises again – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price has returned to rise after a ...
Forex
The AUDUSD price attempts positively – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price has shown new positive trades ...