The EURJPY in its way to resume the decline – Analysis – 10-11-2021

Economies.com
2021-11-10 05:59AM UTC

The EURJPY pair provided a new negative close below 23.6% Fibonacci correction level at 130.85, to confirm its surrender to the domination of the expected bearish bias, stochastic fluctuation near 20 level makes us prefer more of the negative attempts, that might target 130.45 reaching to the next support at 129.90.

 

The expected trading range for today is between 131.10 and 130.45

 

The expected trend for today: bearish

 

Forex and Currency News

Forex News

Forex

US retail sales beat expectations in March
2024-04-15 12:39PM UTC
US retail sales rose 0.7% in March, beating estimates of a 0.4% increase, while down from 0.9% in ...
EUR/USD news

Forex

Euro tries to recoup from five-month trough amid bearish outlook
2024-04-15 08:41AM UTC
Euro rose in European trade on Monday against a basket of major rivals amid attempts to recoup from ...
EUR/USD news

Forex

Euro sharpens decline to five-month lows on concerns about the interest rate gap
2024-04-12 08:04AM UTC
Euro fell in European trade on Friday against a basket of major rivals, sharpening losses for the ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 16-04-2024
2024-04-16 09:48AM UTC
GBPUSD Price Forecast The GBPUSD price fluctuates positively now to head towards potential test ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 16-04-2024
2024-04-16 09:48AM UTC
EURUSD Price Forecast The EURUSD price finds good support at 1.0600$ barrier, to show some ...
EUR GBP Analysis

Forex

The EURGBP tends to resume the decline – Forecast today – 16-4-2024
2024-04-16 05:51AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP pair confirmed its affection by the ...