EURJPY tests the moving average 55 – Analysis – 21-6-2017
Economies.com
2017-06-21 07:22AM UTC
The EURJPY pair formed some correctional bearish trading yesterday to test the moving average 55 that forms initial support at 123.80, while we expect the price head to form new bullish attack as long as this support line remains intact, to manage to breach 124.40 level again and extend trading towards the first main target at 126.10.
Stochastic reach to the oversold areas confirms ending the negative pressures on the price, waiting to form new positive rally to allow the price to gain the required momentum to reach our targets.
Expected trading range for today is between 123.80 and 126.10
Expected trend for today: Bullish
Forex and Currency News
Forex
Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price presses on the key support ...
Forex
The AUDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial break to ...
Forex
The GBPUSD forecast update 08-05-2024
2024-05-08 09:36AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to ...