The EURJPY is forced for the correctional decline – Analysis – 20-11-2023
2023-11-20 05:49AM UTC

The EURJPY pair formed correctional bearish rebound recently by crawling below 163.25 level, to touch the additional support at 162.10 and hold above it as appears on the chart.


Stochastic attempt to provide the positive momentum will confirm keeping the main bullish track caused by the main stability within the bullish channel, to expect renewing the pressure on 163.50, while surpassing it will push the price to form strong bullish waves to target 163.90 followed by reaching the bullish channel’s resistance at 164.65.



The expected trading range for today is between 162.30 and 163.50


The expected trend for today: Bullish

Forex and Currency News

Forex News


Will the US payrolls report pave the way for early Fed interest rate cuts in 2024?
2023-12-08 09:09AM UTC
Markets today await the crucial US payrolls report to gauge the strength of the US labor sector and ...
Forex News


Dollar resumes gains ahead of US jobs data
2023-12-08 08:53AM UTC
Dollar rose in European trade on Friday against a basket of major rivals, resuming gains and ...
Forex News


Dollar gives up three-week high ahead of unemployment claims data
2023-12-07 11:30AM UTC
Dollar declined in European trade on Thursday against a basket of major rivals away from three-week ...

Forex Technical Analysis

EUR USD Analysis


Evening update analysis for the EURUSD 08-12-2023
2023-12-08 15:04PM UTC
The EURUSD pair attempts to break 1.0760 level again, to hint heading to activate the negative ...
NZD USD Analysis


Midday update for the NZDUSD 08-12-2023
2023-12-08 10:36AM UTC
The NZDUSD pair keeps its stability above 0.6140 level, to continue suggesting the bullish trend ...
AUD USD Analysis


Midday update for the AUDUSD 08-12-2023
2023-12-08 10:36AM UTC
The AUDUSD pair settles around 0.6610 since morning, waiting to get positive motive that assist to ...