The EURJPY leans above the major support – Forecast today – 28-3-2024
Economies.com
2024-03-28 05:35AM UTC
EURJPY Pair Analysis and Forecast
Expected Scenarios
- Stability above the bullish channel’s support line at 163.65.
- Attempt to get rid of negative pressures to reinforce the chances of forming new bullish waves.
- Consolidation of the MA55 below the mentioned major support.
- Stochastic begins to provide positive momentum.
These factors confirm confining trades within the bullish track, increasing the chances of achieving gains by rallying towards 164.20 followed by reaching the first main target at 164.80.
Trading Range Forecast
The expected trading range for today is between 163.65 and 164.20.
Trend Forecast
Bullish
Forex and Currency News
Forex
Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex Technical Analysis
Forex
The USDCHF price gets a positive motive – Forecast today - 09-05-2024
2024-05-09 03:41AM UTC
USDCHF Price Analysis Forecasts and Analysis The USDCHF price settles around the 0.9085 ...
Forex
The NZDUSD price awaits additional break – Forecast today - 09-05-2024
2024-05-09 03:41AM UTC
NZDUSD Price Analysis Forecasts and Analysis The NZDUSD price fluctuates around the ...
Forex
The AUDUSD price faces solid support – Forecast today - 09-05-2024
2024-05-09 03:41AM UTC
AUDUSD Price Analysis Forecasts and Analysis The AUDUSD price finds solid support around ...