The USDJPY attempts positively – Analysis - 29-12-2020
Economies.com
2020-12-29 04:58AM UTC
The USDJPY pair traded positively yesterday and breached 103.65 level, but we notice that the price begins today with clear decline to press on this level and attempts to trade below it again, supported by the negative signal provided by stochastic, waiting for more decline in the upcoming sessions to head towards 102.50 that represents our next negative target.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 103.65.
The expected trading range for today is between 102.80 support and 104.00 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
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 ...
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 Technical 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 ...
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, ...