The EURJPY tests the support – Analysis – 6-3-2019
Economies.com
2019-03-06 07:16AM UTC
The EURJPY pair ended its intraday negative rebound by testing the initial support at 126.20, which forms a barrier against changing the trend in the near and medium period, the price needs a strong positive momentum, to begin forming a bullish trading, to target 127.50 level reaching to 128.05.
While suffering extra bearish pressures and reaching the current support, so that will delay the positive overview to increase the chances for suffering some losses by reaching 125.45 reaching to the critical support at 124.70.
The expected trading range for today is between 126.20 and 127.50
The expected trend for today: Bullish
Forex and Currency News
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
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 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
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 ...
Forex
The USDCHF price hits the target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
USDCHF Price Analysis Expected Scenarios The USDCHF price managed to achieve our waited ...