The EURJPY faces key support – Analysis – 22-11-2021

Economies.com
2021-11-22 07:26AM UTC

The EURJPY pair achieved the next negative target at 128.00 to form historical support against the negative trades, to notice the quick rebound towards 128.70 and confirm postponing the negative attack for now.

 

Also, stochastic exit from the oversold areas confirms getting rid of the negative pressures, to expect the beginning of forming new correctional bullish rebound that might push it to reach 129.35 followed by testing the initial resistance at 129.90.

 

The expected trading range for today is between 128.00 and 129.35

 

The expected trend for today: Bullish

Forex and Currency News

Forex News

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 ...
USD/CHF news

Forex

Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex 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 Technical Analysis

EUR USD Analysis

Forex

The EURUSD price forecast update - 02-05-2024
2024-05-02 09:05AM UTC
EURUSD Trading Report The EURUSD price continues to fluctuate around 1.0715$ level, and we still ...
EUR GBP Analysis

Forex

The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...
EUR JPY Analysis

Forex

The EURJPY tests the major support – Forecast today – 2-5-2024
2024-05-02 08:09AM UTC
Expected Scenarios The EURJPY pair activated the profit gaining process yesterday by forming ...