The EURJPY begins rising – Analysis – 6-7-2020
Economies.com
2020-07-06 05:13AM UTC
The EURJPY pair took advantage of the strength of the bullish channel’s support line at 120.55 to notice forming strong bullish rally recently and record 121.50 level, while the continuous positive pressures will increase the chances of moving towards the main targets around 121.80 and 122.50.
The above chart shows stochastic crawl towards the bullish channel’s support line to increase its strength and confirm blocking the price within the bullish range until reaching the mentioned positive stations.
The expected trading range for today is between 121.20 and 122.50
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...