EURJPY leans above the moving average – Analysis – 11-7-2018

Economies.com
2018-07-11 07:13AM UTC

The EURJPY pair was forced to form intraday negative rebound yesterday after approaching 131.00 resistance line, to lean above the moving average 55 and confirm keep the main bullish bias domination, also, the stability of 129.55 support confirms the continuation of the positivity to keep waiting to gather new positive momentum and assist to breach the mentioned resistance followed by starting to record new targets by reaching 130.90 followed by 132.20 levels.

 

Expected trading range for today is between 130.00 and 131.00

 

Expected trend for today: Bullish

Forex and Currency News

AUD/USD news

Forex

Aussie parks at two month highs even as Australian wages slow down
2024-05-15 04:23AM UTC
The Australian dollar rose in European trade on Wednesday against a basket of major rivals, ...
Forex News

Forex

Dollar under pressure ahead of inflation data, Powell's speech
2024-05-14 10:58AM UTC
Dollar fell in European trade on Tuesday against a basket of major rivals, on track for the second ...
USD/JPY news

Forex

Yen tumbles to two-week lows, triggering concerns of official Japanese intervention
2024-05-14 04:08AM UTC
Yen fell in Asian trade on Tuesday against a basket of major rivals, sharpening losses for the ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows more bullish bias to reach ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
  AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial breach ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 15-05-2024
2024-05-15 09:28AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows more bullish bias and ...