The EURJPY moves within tight range – Analysis – 4-4-2023

Economies.com
2023-04-04 06:24AM UTC

The EURJPY pair postponed the negative attack by fluctuating above 144.10 level recently, to form intraday support line, noticing forming correctional bullish wave and touching 144.75 level.

 

We expect to confine trades within temporary sideways track represented by the mentioned support and 145.65 resistance, thus, we recommend to monitor the price behavior and wait to surpass one of these levels to manage to confirm the main trend and detect the next targets.

 

The expected trading range for today is between 144.10 and 145.50

 

The expected trend for today: Neutral

Forex and Currency News

AUD/USD news

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 ...
USD/JPY news

Forex

Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex News

Forex

Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...

Forex Technical Analysis

EUR JPY Analysis

Forex

The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
GBP JPY Analysis

Forex

The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
USD CHF Analysis

Forex

The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...