EURJPY still bullish – Analysis – 17-3-2017
Economies.com
2017-03-17 08:52AM UTC
The EURJPY pair provided new positive close above 121.20 support, to extend trading towards 122.10 and confirms the affection by the bullish bias for the upcoming trading, thus, we will keep waiting to reach our previously suggested targets at 122.80 followed by 124.05.
We remind you that attempting to get negative close below the current support line will cancel the bullish overview for the near term and medium term period and move to suffer losses by heading towards the moving average 55 at 120.25, with chances to move towards 38.2% Fibonacci level at 119.50.
Expected trading range for today is between 121.20 and 122.80
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 ...