EURJPY hits the target – Analysis – 6-3-2017
Economies.com
2017-03-06 09:21AM UTC
The EURJPY price formed strong bullish rally in Friday, which agrees with the bullish expectation by recording the initial target at 121.20, the price settles currently at 23.6% Fibonacci level at 120.60, to form a new initial support that confirms the continuation of the positivity until reaching the second target at 122.10.
The intraday negative rebound caused by stochastic surpass to the overbought level, which opens the way towards gathering new positive momentum in the near period, then reaching the suggested target.
Expected trading range for today is between 120.60 and 122.10
Expected trend for today: Bullish.
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
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 Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...