The USDJPY approaches the target – Analysis - 11-04-2022
Economies.com
2022-04-11 02:04AM UTC
The USDJPY pair continues to rise to gradually approach our waited target at 125.00, waiting to get positive momentum that assist to push the price to continue the expected rise on the intraday and short term basis, noting that surpassing the mentioned level will lead the price to achieve more gains on the longer term basis.
Holding above 123.80 represents the first condition to continue the positive scenario, as breaking it will press on the price to test 122.62 areas before any new attempt to rise.
The expected trading range for today is between 123.80 support and 125.00 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
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, ...
Forex
The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...