The EURJPY needs new momentum – Analysis – 4-1-2021
Economies.com
2021-01-04 09:10AM UTC
The EURJPY pair formed correctional bearish trades by crawling below 126.70 level, affected by stochastic negativity, while in general, the stability above the bullish channel’s support line at 125.65 allows us to wait to gather the positive momentum again and manage to renew the bullish rally until reaching 127.40 followed by 128.30 levels.
On the other hand, crawling below the bullish channel’s support line will cancel the positive overview to allow us to suggest the negative trades and expect suffering big losses that might start at 124.73.
The expected trading range for today is between 125.75 and 126.80
The expected trend for today: Bullish
Forex and Currency 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
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
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 Technical 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 ...
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 ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...