The USDJPY achieves strong gains – Analysis - 06-02-2023
Economies.com
2023-02-06 04:49AM UTC
The USDJPY pair rallied upwards strongly to breach the bearish channel’s resistance and head towards achieving expected gains in the upcoming sessions, targeting testing 133.30 as a first positive station.
Therefore, the bullish bias will be suggested for today, and it might show some sideways fluctuation until getting positive momentum that assists to push the price to continue the expected rise, taking into consideration that breaking 130.45 will stop the positive scenario and press on the price to return to the main bearish track again.
The expected trading range for today is between 131.10 support and 132.90 resistance
The expected trend for today: Bullish
Forex and Currency News
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
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 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, ...