The EURJPY holds above the support – Analysis – 2-2-2021
Economies.com
2021-02-02 06:25AM UTC
The EURJPY pair declined below the initial support 126.55 yesterday, while its quick positive rebound and recording 126.80 hints surrendering to the sideways bias domination due to its frequent move between the current support and 127.50 resistance.
Therefore, we will suggest the bullish bias temporarily, noting that it is important to setle above the initial support, waiting to target 127.50 followed by monitoring the price behavior to manage to detect the next main trend.
The expected trading range for today is between 126.50 and 127.50
The expected trend for today: Bullish
Forex and Currency News
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...