The EURJPY keeps the positivity – Analysis – 13-4-2022

Economies.com
2022-04-13 05:54AM UTC

The EURJPY pair confirmed keeping the domination of the bullish bias by consolidating above 134.80 level, forming bullish waves to settle near 136.10, while stochastic rally above 50 level allows us to expect renewing the positive attempts, to move towards 137.10 followed by trying to press on the bullish channel’s resistance at 137.75.

 

Note that attempting to crawl below 134.80 level will postpone the bullish attack, to suffer some losses by moving towards 133.60.

 

The expected trading range for today is between 135.60 and 137.70

 

The expected trend for today: Bullish

Forex and Currency News

EUR/USD news

Forex

Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex News

Forex

Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex News

Forex

Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
USD CHF Analysis

Forex

The USDCHF price hits the target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
USDCHF Price Analysis Expected Scenarios The USDCHF price managed to achieve our waited ...