EURJPY attempts to resume the bullish attack – Analysis – 15-1-2018
Economies.com
2018-01-15 07:33AM UTC
The EURJPY pair repeated the sideways trading recently by facing 135.50 level, which formed barrier against the last bullish attack, but the price consolidation within the bullish channel and stochastic approach to 80 level confirm the attempt to gather new positive moment, waiting to achieve the required breach followed by reaching 135.55 then 137.00 levels.
We should note that the stability of the current barrier might postpone the bullish attack with chances to provide some negative correctional trades that might force the price to test the main support at 133.80.
Expected trading range for today is between 134.35 and 135.55
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...