The USDJPY achieves strong gains – Analysis - 18-01-2023

Economies.com
2023-01-18 05:40AM UTC

The USDJPY pair rallied upwards strongly to breach the main bearish channel’s resistance and settles above it, affected by the BOJ rate decision, to turn to rise and head towards achieving more gains that we expect to reach 133.30.

 

Therefore, the bullish bias will be suggested for today unless breaking 130.25 and holding below it.

The expected trading range for today is between 130.50 support and 133.00 resistance

The expected trend for today: Bullish

Forex and Currency News

GBP/USD news

Forex

Sterling under pressure ahead of Bank of England's parliamentary hearing
2024-02-20 08:08AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
USD/JPY news

Forex

Yen slips through the 150 barrier on US yields
2024-02-20 06:00AM UTC
Yen declined in Asian trade on Tuesday against a basket of major rivals, resuming losses against ...
EUR/USD news

Forex

Euro hits one-week high on bullish outlook
2024-02-19 08:21AM UTC
Euro rose in European trade against a basket of major rivals, extending gains for the fourth ...

Forex Technical Analysis

EUR USD Analysis

Forex

Evening update analysis for the EURUSD 20-02-20240
2024-02-20 16:15PM UTC
The EURUSD pair trades with clear positivity to approach our waited target at 1.0860, and we need ...
NZD USD Analysis

Forex

Midday update for the NZDUSD 20-02-2024
2024-02-20 09:34AM UTC
The NZDUSD pair shows new positive trades in attempt to move away from 0.6140 level and confirm the ...
AUD USD Analysis

Forex

Midday update for the AUDUSD 20-02-2024
2024-02-20 09:34AM UTC
The AUDUSD pair resumes its positive trading now, reinforcing the expectations of continuing the ...