The USDJPY attempts to breach the recent high – Analysis - 18-09-2023
5 days ago

The USDJPY pair fluctuates around 147.86 level and attempts to breach it, which supports the continuation of the expected bullish trend on the intraday and short-term basis, reminding you that our next target is located at 149.00.


Stochastic current negativity hinders the mission to rise, waiting to gather enough positive momentum to push the price to resume the bullish trend in the upcoming sessions, which moves inside the bullish channel that appears on the chart, noting that breaking 147.15 will stop the positive scenario and push the price to achieve some bearish correction before turning back to rise again.



The expected trading range for today is between 147.00 support and 148.70 resistance


The expected trend for today: Bullish

Forex and Currency News

EUR/USD news


Euro trades near six-month low ahead of major European data
21 hours ago
Euro fell in European trade on Friday against a basket of major rivals, extending losses for the ...
GBP/USD news


Sterling sharpens decline to six-month lows after surprise decision by BOE
1 day ago
Sterling fell on Thursday after Bank of England announced a surprise pause in the cycle of rate ...
Forex News


Dollar extends gains to six-month high on Fed prospects
1 day ago
US Dollar rose in European trade on Thursday against a basket of major rivals for the third ...

Forex Technical Analysis

NZD USD Analysis


Midday update for the NZDUSD 22-09-2023
17 hours ago
The NZDUSD pair breached 0.5940 level clearly to activate the positive scenario in the upcoming ...
AUD USD Analysis


Midday update for the AUDUSD 22-09-2023
17 hours ago
The AUDUSD pair trades positively to surpass 0.6440 and attempts to hold above it, to hint heading ...
GBP USD Analysis


Midday update for the GBPUSD 22-09-2023
17 hours ago
The GBPUSD pair resumes its negative trading clearly to press on the bearish channel’s ...