The USDJPY achieves the extended targets – Analysis - 26-08-2019
Economies.com
2019-08-26 05:13AM UTC
The USDJPY pair traded with strong negativity in the previous sessions and opened today with additional decline to touch our extended target at 104.60 and bounced bullishly to settle above 105.05 now, which hints the price head to continue the decline on the intraday and short term basis, as the next target is located at 104.00.
Therefore, we are waiting for more decline in the upcoming sessions unless the price rallied to breach 106.70 and hold above it.
The expected trading range for today is between 104.60 support and 106.00 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...
Forex
The EURJPY hovers around the barrier – Forecast today – 17-5-2024
2024-05-17 07:10AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair took advantage of stochastic ...
Forex
The GBPJPY renews the positive action – Forecast today – 17-5-2024
2024-05-17 07:09AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair overcame temporary negative ...