The EURJPY reaches the bullish track – Analysis – 02-11-2019
Economies.com
2019-12-02 07:52AM UTC
The EURJPY pair formed a new bullish wave in Friday, surpassing the bearish channel’s resistance at 120.65, to confirm its move to the bullish track, depending on forming a true support at 120.05 level against the bullish trading, to prefer recording the positive targets that begin at 121.30 and 122.45.
Stochastic rally and its stability within the overbought level increases the chances for resuming the bullish attack by gaining a new positive momentum, which reinforces the chances for achieving the suggested targets.
The expected trading range for today is between 120.35 and 121.30
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...