The EURJPY moves slowly – Analysis – 23-3-2023
Economies.com
2023-03-23 06:07AM UTC
The EURJPY pair returned to provide slow sideways trades due to the contradiction between the main stability within the bearish channel and stochastic attempt to provide the positive momentum, to fluctuate near 142.50 now without achieving any new negative target.
We will keep waiting to gather the additional negative momentum to ease the mission of declining below the MA55 at 142.20 followed by attempting to record some negative targets by crawling towards 141.40 followed by pressing on 140.25 obstacle.
The expected trading range for today is between 143.00 and 141.40
The expected trend for today: Bearish
Forex and Currency News
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex
Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 18-04-2024
2024-04-18 11:09AM UTC
GBP/USD Price Analysis Expected Scenario The GBP/USD price is testing the 1.2480$ ...
Forex
The EURUSD price forecast update - 18-04-2024
2024-04-18 11:08AM UTC
The EURUSD price shows more bullish bias to approach 1.0715$ level, and as we mentioned this ...
Forex
The CADCHF takes advantage of the support line stability – Forecast today – 18-4-2024
2024-04-18 05:38AM UTC
CADCHF Price Analysis Expected Scenario The CADCHF takes advantage of the stability of ...