The EURJPY threats the positive stability – Analysis – 7-6-2023
Economies.com
3 months ago
The EURJPY pair provided negative signal by crawling below the minor bullish channel’s support line at 149.50, to increase the chances of regain the bearish bias by settling near 148.85, expecting to face strong negative pressures and get negative momentum by the major indicators to target 148.10 level, while surpassing it might extend losses towards 147.30.
On the other hand, regaining the bullish bias requires forming strong bullish wave to settle above 150.00 level and increase the chances of recording additional gains in the upcoming period.
The expected trading range for today is between 149.30 and 148.10
The expected trend for today: Bearish
Forex and Currency News
Forex
Euro trades near six-month low ahead of major European data
21 hours ago
Euro fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Sterling sharpens decline to six-month lows after surprise decision by BOE
1 day ago
Sterling fell on Thursday after Bank of England announced a surprise pause in the cycle of rate ...
Forex
Dollar extends gains to six-month high on Fed prospects
1 day ago
US Dollar rose in European trade on Thursday against a basket of major rivals for the third ...
Forex Technical Analysis
Forex
Midday update for the NZDUSD 22-09-2023
17 hours ago
The NZDUSD pair breached 0.5940 level clearly to activate the positive scenario in the upcoming ...
Forex
Midday update for the AUDUSD 22-09-2023
17 hours ago
The AUDUSD pair trades positively to surpass 0.6440 and attempts to hold above it, to hint heading ...
Forex
Midday update for the GBPUSD 22-09-2023
17 hours ago
The GBPUSD pair resumes its negative trading clearly to press on the bearish channel’s ...