The EURJPY still bullish – Analysis – 15-1-2020
Economies.com
2020-01-15 07:27AM UTC
The EURJPY pair formed intraday negative rebound yesterday to respond to stochastic attempt to exit the overbought areas, but the main stability within the bullish channel allows us to wait to gather new positive momentum and manage to form new bullish rally to move towards the additional targets at 123.25 followed by 124.25.
On the other hand, getting a negative close 122.30 will postpone the bullish attack to start forming correctional bearish trades that might push the price to test the bullish channel’s support line at 121.15 today.
The expected trading range for today is between 122.30 and 123.25
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 ...