The USDJPY activates the positive pattern – Analysis - 20-10-2021

Economies.com
2021-10-20 04:17AM UTC

The USDJPY pair managed to breach the bullish pennant’s resistance to rally bullishly and achieve the expected target at 114.70, and we suggest the continuation of the bullish bias to reach 115.00 barrier as a next station, noting that breaching this level will extend the bullish wave to reach 115.55 as a next main target.

 

Holding above 114.10 is important to continue the expected rise, as breaking it will press on the price to achieve temporary decline and test 113.25 areas before any new attempt to rise.

The expected trading range for today is between 113.90 support and 115.20 resistance

The expected trend for today: Bullish

 

Forex and Currency News

EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...
USD/JPY news

Forex

Japan sends the stronger warning after yen crashes to 34-year nadir
2024-03-27 08:50AM UTC
Yen tumbled in European trade on Wednesday against a basket of major rivals, sharpening losses for ...

Forex Technical Analysis

EUR GBP Analysis

Forex

The EURGBP settles below the resistance – Forecast today – 28-3-2024
2024-03-28 05:37AM UTC
EURGBP Pair Analysis and Forecast Expected Scenarios New negative close below the bearish ...
EUR JPY Analysis

Forex

The EURJPY leans above the major support – Forecast today – 28-3-2024
2024-03-28 05:35AM UTC
EURJPY Pair Analysis and Forecast Expected Scenarios Stability above the bullish ...
GBP JPY Analysis

Forex

The GBPJPY repeats the negative closings – Forecast today – 28-3-2024
2024-03-28 05:35AM UTC
GBPJPY Pair Analysis and Forecast Expected Scenarios Weak trades yesterday with fluctuation ...