EURJPY begins the decline – Analysis – 16-1-2017
Economies.com
2017-01-16 08:32AM UTC
The EURJPY price managed to confirm the suggested negativity by providing negative close below 121.60 level, to begin recording some negative targets by reaching 120.95, we expect forming new negative trading to be attracted to the initial target at 120.00, then attempts to reach the next target at 118.60.
Stochastic moves to the oversold level to increase the negative pressure on the trading, which provides the required momentum to resume the suggested negative attempts.
Expected trading range for today is between 121.60 and 120.00
Expected trend for today: Bearish
Forex and Currency News
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
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex Technical Analysis
Forex
The NZDUSD price needs the positive momentum – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for NZDUSD Expected Scenario The NZDUSD price shows sideways trades in the ...
Forex
The AUDUSD price heads towards resting the neckline – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for AUDUSD Expected Scenario The AUDUSD price faces temporary negative ...
Forex
The USDCAD price attempts positively – Forecast today - 17-05-2024
2024-05-17 04:06AM UTC
Price Analysis for USDCAD Expected Scenario The USDCAD price found solid support at ...