The EURJPY is slow – Analysis – 25-9-2020

Economies.com
2020-09-25 05:55AM UTC

The EURJPY pair continued to form slow trades despite its stability below 123.40 barrier, hinting the lack of the negative momentum caused by the contradiction between the major indicators until this moment.

 

These factors allow us to wait to gather the negative momentum to manage to start renewing the negative attempts that might target 122.30 and 120.85 levels.

 

The expected trading range for today is between 123.40 and 122.30

 

The expected trend for today: Bearish

Forex and Currency News

USD/CAD news

Forex

Loonie declines after inflation data
2024-05-21 17:37PM UTC
The Canadian dollar fell against most major rivals on Tuesday after the release of inflation data, ...
AUD/USD news

Forex

Aussie backs off four-month high despite RBA's aggressiveness
2024-05-21 03:51AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, extending ...
Forex News

Forex

Dollar under pressure ahead of Fed remarks
2024-05-20 11:53AM UTC
The dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 21-05-2024
2024-05-21 10:08AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price resumes its positive trading and ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 21-05-2024
2024-05-21 10:08AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows sideways trades to test ...
Technical Analysis

Forex

The GBPCHF confirms the positivity – Forecast today – 21-5-2024
2024-05-21 05:11AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price confirmed moving to the bullish ...