The EURJPY retests the support – Analysis – 27-3-2020
Economies.com
2020-03-27 09:14AM UTC
The EURJPY pair formed strong negative rebound yesterday after recording 121.13 level, to move towards 119.75 support line, while the upcoming scenario depends on the strength of this support to expect renewing the bullish attempts that might extend to 120.70 followed by 121.65.
Facing negative pressures and crawling below the current support will cancel the positive overview and start suffering many losses by declining towards 119.00 and 118.25 levels.
The expected trading range for today is between 119.75 and 120.70
The expected trend for today: Bullish
Forex and Currency News
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
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 02-05-2024
2024-05-02 09:06AM UTC
GBPUSD Trading Report The GBPUSD price shows weak trades since morning, settling above 1.2500$ ...
Forex
The EURUSD price forecast update - 02-05-2024
2024-05-02 09:05AM UTC
EURUSD Trading Report The EURUSD price continues to fluctuate around 1.0715$ level, and we still ...
Forex
The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...