The EURJPY fluctuates within the bearish range – Analysis – 21-5-2019

Economies.com
2019-05-21 07:06AM UTC

No news for the EURJPY pair that remain stable between the sideways range’s lines, represented by 123.50 resistance and 122.00 support line that faces the continuation of the previously suggested negativity.

 

On the other hand, the price consolidation within the bearish channel allows us to keep our negative overview, to wait gathering new negative momentum in the near term period to manage to break 122.00 level and reach 121.20 followed by 120.30 levels.

 

The expected trading range for today is between 123.25 and 122.00

 

The expected trend for today: Bearish

Forex and Currency News

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 ...
NZD/USD news

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 News

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

GBP USD 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 ...
EUR USD Analysis

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, ...
Technical Analysis

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 ...