The moving average supports the EURJPY positivity – Analysis – 30/7/2015
Economies.com
2015-07-30 07:19AM UTC
The EURJPY continued to show some negative attempts yesterday to reach 136.00 level, facing the moving average as appears on chart, thus, we will keep the bullish overview for the upcoming period as long as the mentioned level remains intact, waiting to reach 137.30 level as a first positive target for the near term trading.
Note that attempting to settle below the moving average 55 will cancel the bullish overview and push the price to form new negative waves to target 135.50 level initially.
Expected trading range for today is between 136.00 and 137.30
Expected trend for today: Bullish
Forex and Currency News
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...