The EURJPY exits the bearish track – Analysis – 11-10-2021
Economies.com
1 year ago
The EURJPY price succeeded to get rid of the domination of the bearish bias by forming strong bullish rally recently, to breach the bearish channel’s resistance near 129.50 and notice recording big targets by reaching 130.42.
We expect the moving average 55 to form the additional support near 129.80, and get more positive momentum signals by stochastic, allowing us to suggest targeting 23.6% Fibonacci correction level at 130.90.
The expected trading range for today is between 129.60 and 130.90
The expected trend for today: Bullish
Forex and Currency News
Forex
Euro trades near six-month low ahead of major European data
14 hours ago
Euro fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Sterling sharpens decline to six-month lows after surprise decision by BOE
1 day ago
Sterling fell on Thursday after Bank of England announced a surprise pause in the cycle of rate ...
Forex
Dollar extends gains to six-month high on Fed prospects
1 day ago
US Dollar rose in European trade on Thursday against a basket of major rivals for the third ...
Forex Technical Analysis
Forex
Midday update for the NZDUSD 22-09-2023
11 hours ago
The NZDUSD pair breached 0.5940 level clearly to activate the positive scenario in the upcoming ...
Forex
Midday update for the AUDUSD 22-09-2023
11 hours ago
The AUDUSD pair trades positively to surpass 0.6440 and attempts to hold above it, to hint heading ...
Forex
Midday update for the GBPUSD 22-09-2023
11 hours ago
The GBPUSD pair resumes its negative trading clearly to press on the bearish channel’s ...