The EURJPY failed to regain the bullish bias– Forecast today – 10-4-2024
Economies.com
2024-04-10 07:13AM UTC
The EURJPY pair failed to regain the bullish bias, affected by the strength of the extended resistance at 165.10, which forces it to form quick negative rebound, to settle near 164.65.
Stochastic sharp decline towards 20 level will decelerate the attempt of renewing the bullish track, to expect an unstable trading between the mentioned resistance and the initial support level near 164.30, therefore, we recommend the neutrality for today, waiting for surpassing one of these levels, to confirm the main trend in the upcoming trading.
The expected trading range for today is between 164.35 and 165.55
Trend forecast: Bullish
Forex and Currency News
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 16-05-2024
2024-05-16 09:26AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some bearish bias to head ...
Forex
The EURUSD price forecast update - 16-05-2024
2024-05-16 09:25AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price faces negative pressure now to ...
Forex
The NZDCAD regains the bullish track – Forecast today – 16-5-2024
2024-05-16 05:41AM UTC
NZDCAD Price Analysis Expected Scenario The NZDCAD price succeeded in regaining the ...