The EURJPY provides negative signal – Analysis – 25-7-2022
Economies.com
2022-07-25 05:53AM UTC
The EURJPY pair provided negative signal by crawling below 140.10 level that formed the extension of the additional support, to hint surrendering to the domination of the correctional bearish bias again by reaching 138.70.
In case trades continued to consolidate below the broken support and getting negative momentum by stochastic, these factors allow us to suggest more negative trades that might target 138.50 followed by reaching 136.70 levels, to test 38.2% Fibonacci correction level.
The expected trading range for today is between 139.70 and 138.50
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
Forex
The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
Forex
The GBPUSD forecast update 25-04-2024
2024-04-25 09:42AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...