The EURJPY begins to decline – Analysis – 28-3-2019
Economies.com
2019-03-28 07:58AM UTC
The EURJPY pair started new negative trades that hint the surrender to the bearish bias domination, reaching 123.80 level, expecting to release from 123.50 barrier and open the way to achieve more negative targets located around 122.70 followed by 122.00 levels.
Stochastic attempt to crawl towards the oversold areas reinforces the continuation of the negativity by providing the required negative momentum, also, the stability of the initial resistance 125.05 is considered as the main factor to confine trades within the negative range until achieving our targets.
The expected trading range for today is between 124.60 and 122.70
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex
Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 01-05-2024
2024-05-01 10:07AM UTC
GBPUSD Price Analysis: Expected Scenarios The GBPUSD price attempted to break 1.2480$ level but it ...
Forex
The EURUSD price forecast update - 01-05-2024
2024-05-01 10:07AM UTC
EURUSD Price Analysis: Expected Scenarios The EURUSD price shows some slight bullish bias now, ...
Forex
The GBPCHF provides positive signal – Forecast today – 1-5-2024
2024-05-01 05:33AM UTC
Scenarios and Trading Range Expected Scenarios GBPCHF price provided positive signals by ...