The EURJPY hovers near the barrier – Analysis – 27-9-2022
Economies.com
2022-09-27 05:34AM UTC
The EURJPY pair recorded 137.35 level yesterday, to approach the first waited negative target followed by starting to provide correctional bullish trades, to move towards 139.70 barrier that represents 23.6% Fibonacci correction level.
Repeating the negative pressures below the current barrier will ease the mission of renewing the negative attempts, to expect crawling towards 137.80 followed by reaching the next target at 136.75, while surpassing the current barrier and holding above it will postpone the negative attack to push the price to target some correctional stations that start at 140.40.
The expected trading range for today is between 139.70 and 137.80
The expected trend for today: Bearish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
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 Technical Analysis
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...
Forex
The EURJPY hovers around the barrier – Forecast today – 17-5-2024
2024-05-17 07:10AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair took advantage of stochastic ...