The EURJPY approaches the additional barrier – Analysis – 7-6-2022

Economies.com
2022-06-07 05:14AM UTC

The EURJPY pair repeated the positive closings above the breached bullish channel’s resistance, to form solid support at 139.35, noticing rallying strongly to approach the additional barrier at 142.20.

 

The price might form temporary sideways fluctuation after facing the mentioned barrier, to keep waiting to breach this level and ease the mission of resuming the rise to move towards 42.60 followed by reaching the next main target at 143.90.

 

The expected trading range for today is between 140.80 and 142.60

 

Open Live Trading Account

The expected trend for today: Bullish

Forex and Currency News

GBP/JPY news

Forex

Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex News

Forex

Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
EUR/JPY news

Forex

Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...

Forex Technical Analysis

EUR USD Analysis

Forex

End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
GBP USD Analysis

Forex

The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...