EURJPY provides positive signal – Analysis – 29-11-2018
Economies.com
2018-11-29 07:57AM UTC
The EURJPY pair provided positive signal by breaching the bearish channel’s resistance at 128.95, announcing its readiness to build a new bullish bias in the near and medium period, the price stability above 128.70 level, which forms the extension of the critical support and that increases the chances for surpassing 129.25 level and reaching the initial main target at 129.80 level.
The stability of the moving average 55 near the main support and stochastic rally to the overbought level forms supported factors for the suggested stage.
Expected trading range for today is between 128.70 and 129.80
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex
Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 01-05-2024
2024-05-01 10:07AM UTC
GBPUSD Price Analysis: Expected Scenarios The GBPUSD price attempted to break 1.2480$ level but it ...
Forex
The EURUSD price forecast update - 01-05-2024
2024-05-01 10:07AM UTC
EURUSD Price Analysis: Expected Scenarios The EURUSD price shows some slight bullish bias now, ...
Forex
The GBPCHF provides positive signal – Forecast today – 1-5-2024
2024-05-01 05:33AM UTC
Scenarios and Trading Range Expected Scenarios GBPCHF price provided positive signals by ...