The USDJPY around the moving average – Analysis - 24-04-2019
Economies.com
2019-04-24 04:27AM UTC
The USDJPY pair returns to fluctuate around the EMA50 after testing the intraday bullish channel’s support line that appears on the chart, and as long as the price is below 112.15, our bearish overview will remain active, as breaching it will push the price to resume the short term bullish trend, which its next target located at 113.50.
Note that breaking 111.75 will reinforce the expectations to head towards our main waited target of the suggested bearish wave at 110.08.
The expected trading range for today is between 111.00 support and 112.40 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The USDCHF price begins the bearish correction – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
USDCHF Price Analysis The USDCHF price broke the bullish channel’s support line clearly ...
Forex
The NZDUSD price keeps rising – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
NZDUSD Price Analysis The NZDUSD price shows a more bullish bias as it approaches our awaited ...
Forex
The AUDUSD price hits the first target – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
AUDUSD Price Analysis The AUDUSD price managed to achieve our first awaited target at 0.6570$, and ...