The USDJPY approaches the target – Analysis - 12-04-2019

Economies.com
2019-04-12 04:07AM UTC

The USDJPY pair rallied upwards strongly yesterday to approach our main waited target at 112.14, starting today with slight bearish bias affected by stochastic negativity, and it might witness some temporary decline before resuming the main bullish trend again.

 

In general, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 110.86 level and holding below it, noting that breaching the targeted level will extend the bullish wave to reach 113.10 as a next main station.

 

The expected trading range for today is between 111.00 support and 112.60 resistance

 

The expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
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 ...

Forex Technical Analysis

EUR USD Analysis

Forex

End of day EURUSD price forecast update - 28-03-2024
2024-03-28 17:42PM UTC
The EURUSD price provided additional negative trades to reach the thresholds of the first waited ...
NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...