EURJPY without any news – Analysis – 28-12-2016
Economies.com
2016-12-28 08:09AM UTC
No news for the EURJPY price by its repeated fluctuation below the bearish channel’s resistance at 123.80, to keep the bearish correctional expectation in the upcoming trading, we wait for gathering new negative momentum, which increase the chances for reaching 121.60, waiting for breaking this level to extend the expected losses to reach 120.00 in the upcoming period.
We should mention that the price rally above the mentioned resistance will cancel the bearish overview, to open the way towards building new bullish bias, to target positive levels that begin at 124.60 reaching to 126.15.
Expected trading range for today is between 123.80 and 121.60
Expected trend for today: Bearish
Forex and Currency News
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
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex Technical Analysis
Forex
The USDCHF price consolidates above the support – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for USDCHF Expected Scenario The USDCHF price couldn’t manage to ...
Forex
The NZDUSD price needs the positive momentum – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for NZDUSD Expected Scenario The NZDUSD price shows sideways trades in the ...
Forex
The AUDUSD price heads towards resting the neckline – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for AUDUSD Expected Scenario The AUDUSD price faces temporary negative ...