The USDJPY approaches the target – Analysis - 10-03-2022

Economies.com
2022-03-10 04:20AM UTC

The USDJPY pair continues to rise to approach our waited target at 116.35, expecting to breach this level to continue moving inside the bullish channels that appear on the chart, followed by achieving positive targets that reach 117.00.

 

Therefore, the bullish trend scenario will remain valid and active conditioned by the price stability above 115.35.

The expected trading range for today is between 115.60 support and 116.80 resistance

The expected trend for today: Bullish

Forex and Currency News

USD/JPY news

Forex

Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
GBP/JPY 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 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 Technical Analysis

EUR USD 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 ...
GBP USD Analysis

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 ...
EUR USD Analysis

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, ...