The EURJPY rebounds above the support – Analysis – 29-10-2021

Economies.com
1 year ago

The EURJPY price started to recover from the losses by rallying above the initial support at 132.00, to notice recording some positive targets by touching 132.65 level, while the continuous stability of the current support line supports the attempt to renew the bullish attack, to expect providing new pressure on 133.60 barrier in order to find a way to resume the bullish attack in the upcoming period.

 

On the other hand, the price return to fluctuate below the mentioned support will force it to renew the correctional bearish attempts, to expect suffering additional losses by moving towards 130.85.

 

The expected trading range for today is between 132.00 and 133.20

 

The expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

US unemployment claims rise past estimates
1 day ago
US unemployment claims rose to 198 thousand in the week ending March 25, above estimates of 196 ...
Forex News

Forex

US economy grows less than expected in fourth quarter
1 day ago
US GDP grew 2.6% y/y in the fourth quarter of 2022, down from 3.2% in the third quarter, and ...
Forex News

Forex

Dollar plumbs week lows ahead of US growth data
1 day ago
Dollar fell in European trade against a basket of major rivals with markets considering whether the ...

Forex Technical Analysis

GBP USD Analysis

Forex

Midday update for the GBPUSD 31-03-2023
21 hours ago
The GBPUSD pair tested 1.2400 barrier and bounced bearishly to trade at the intraday bullish ...
EUR USD Analysis

Forex

Midday update for the EURUSD 31-03-2023
21 hours ago
The EURUSD pair shows some slight bearish bias now, affected by stochastic negativity, waiting to ...
Technical Analysis

Forex

The GBPCAD keeps the positivity – Analysis – 31-3-2023
23 hours ago
The GBPCAD pair formed bullish channel recently, to notice recording many gains by touching 1.6700 ...