The EURJPY holds above the additional support – Analysis – 4-4-2022

Economies.com
2022-04-04 06:03AM UTC

No change to the EURJPY pair’s bullish track until this moment, due to the positive stability above 134.80 support line, expecting to get positive momentum by stochastic to target new positive levels that might start at 136.80 followed by repeating the pressure on 137.55 obstacle.

 

Note that crawling below the current support and getting negative close below it will increase the chances of forming correctional bearish trades, to suffer some losses by moving towards 134.10 and 133.60.

 

The expected trading range for today is between 135.00 and 137.55

 

The expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...
GBP USD Analysis

Forex

The GBPUSD forecast update 28-03-2024
2024-03-28 10:19AM UTC
GBPUSD Trading Analysis The GBPUSD price shows calm bearish bias to gradually approach our first ...