EURJPY repeats the fluctuation below the moving average – Analysis – 4-9-2018
Economies.com
2018-09-04 06:18AM UTC
Despite the EURJPY pair’s sideways fluctuations, its stability below the moving average 55 at 129.35 confirms surrendering to the bearish bias domination, thus, we will keep waiting to form new negative attack to target 128.10 level, and breaking this barrier will push the price towards the next negative station at 126.70.
Stochastic continuous fluctuation within the oversold areas reinforces our bearish overview by providing negative momentum to increase the chances of achieving the waited targets.
Expected trading range for today is between 129.35 and 128.10
Expected trend for today: Bearish
Forex and Currency News
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
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 Technical Analysis
Forex
The EURUSD price forecast update - 02-05-2024
2024-05-02 09:05AM UTC
EURUSD Trading Report The EURUSD price continues to fluctuate around 1.0715$ level, and we still ...
Forex
The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...
Forex
The EURJPY tests the major support – Forecast today – 2-5-2024
2024-05-02 08:09AM UTC
Expected Scenarios The EURJPY pair activated the profit gaining process yesterday by forming ...