The EURJPY activates the correctional decline – Forecast today – 2-4-2024
Economies.com
2024-04-02 05:39AM UTC
Analysis of EURJPY Pair Movement
- The EURJPY pair reacted to the negative factors represented by the frequent stability below 163.50 barrier in addition to stochastic negative momentum signals, to notice crawling below the MA55 and touching the first negative target at 162.65.
- The price has no escape from resuming the negative attack, to surrender to the mentioned negative pressures and expect targeting new negative stations that might start at 162.15 followed by reaching the next main target at 161.55.
Expected Trading Range for Today
- The expected trading range for today is between 163.20 and 162.15
Trend forecast: Bearish
Forex and Currency News
Forex
BOE holds interest rates unchanged for sixth straight meeting
2024-05-09 11:33AM UTC
Bank of England voted to hold interest rates unchanged for the fifth straight meeting at 5.25%, the ...
Forex
Sterling under pressure ahead of BOE decisions
2024-05-09 07:50AM UTC
Sterling fell in European trade on Thursday against a basket of major rivals, extending losses for ...
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 Technical Analysis
Forex
The GBPUSD forecast update 09-05-2024
2024-05-09 09:34AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to ...
Forex
The EURUSD price forecast update - 09-05-2024
2024-05-09 09:34AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price resumes its negative trading to ...
Forex
The EURGBP begins to rise – Forecast today – 9-5-2024
2024-05-09 05:54AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP price succeeded to hold above 38.2% ...