The USDJPY achieves additional bearish correction – Analysis - 17-06-2022
Economies.com
2022-06-17 04:32AM UTC
The USDJPY pair opened today with strong decline to break 133.50 and reach the thresholds of 50% Fibonacci correction level for the last bullish wave that appears on the chart, but we notice that the price recovers quickly to settle above 133.50 level again, which keeps the bullish trend scenario active for the upcoming period, waiting to visit 135.50 followed by 136.00 levels mainly.
Stochastic provides positive signals that support the expected rise, which will remain valid conditioned by the price stability above 133.50.
The expected trading range for today is between 133.30 support and 134.70 resistance
The expected trend for today: Bullish
Forex and Currency News
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
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
Forex
The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
Forex
The GBPUSD forecast update 25-04-2024
2024-04-25 09:42AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...