The EURJPY pair succeeded to exit the sideways range by breaking 127.90 support line, allowing us to suggest the domination of the bearish bias for the near term and medium term trading, while we will depend on 127.90 level forming new resistance to expect targeting 126.90 followed by reaching 126.15 that represents 50% Fibonacci correction level.

Also, stochastic stability within the oversold areas reinforces the negative overview by providing new negative momentum, to ease the mission of recording the mentioned negative targets.

Expected trading range for today is between 127.90 and 126.90

Expected trend for today: Bearish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1140	0.0042	0.3789%
End of day analysis for the EURUSD 23-08-2019
	GBP/USD	1.2289	0.0135	1.1107%

	Silver	17.418	0.314	1.834%

	Oil	53.880	-0.920	1.679%
End of day analysis for Crude oil 23-08-2019
	Brent Oil	59.10	-0.82	1.37%

	Gold	1526.175	13.910	0.920%
End of day analysis for Gold 23-08-2019

Live Forex Updates

US oil drilling rigs count falls by 16

2019-08-23 17:13:48 GMT

Dollar extends losses on Trump's remarks

2019-08-23 16:54:42 GMT

Trump orders US companies to look for alternative to China

2019-08-23 16:07:40 GMT

Powell confirms Fed will to intervene in time

2019-08-23 16:02:20 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.