The EURJPY gathers the negative momentum – Analysis – 16-7-2019

Economies.com
2019-07-16 07:03AM UTC

The EURJPY pair confirmed its preparation to resume the negative attack by gathering additional negative momentum caused by stochastic reach to 20 level as appears on the chart, also, the frequent stability below 122.05 barrier assists to confirm the negativity to keep waiting to achieve the negative targets represented by 120.80 followed by 119.60 levels.

 

The expected trading range for today is between 122.05 and 120.80

 

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
GBP/USD news

Forex

Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex News

Forex

Fed Chair: Driving down inflation towards target could take longer than expected
2024-04-16 20:10PM UTC
Fed Chair Jerome Powell said in a symposium earlier today that inflation has stiffened and held in ...

Forex Technical Analysis

Technical Analysis

Forex

The CADCHF takes advantage of the support line stability – Forecast today – 18-4-2024
2024-04-18 05:38AM UTC
CADCHF Price Analysis Expected Scenario The CADCHF takes advantage of the stability of ...
EUR JPY Analysis

Forex

The EURJPY seeks an escape – Forecast today – 18-4-2024
2024-04-18 05:34AM UTC
EURJPY Pair Price Analysis Expected Scenario The EURJPY pair formed more bullish waves ...
GBP JPY Analysis

Forex

The GBPJPY keeps the positivity – Forecast today – 18-4-2024
2024-04-18 05:33AM UTC
GBPJPY Pair Price Analysis Expected Scenario The GBPJPY pair's bullish track remains ...