The USDJPY attempts to recover – Analysis - 27-01-2022
Economies.com
2022-01-27 05:26AM UTC
The USDJPY pair bounced upwards strongly yesterday after consolidating above 113.60 level, to test the key resistance 114.65 and attempts to breach it, which hints heading to regain the main bullish trend, but it faces negative pressure formed by stochastic, to stay neutral until the price confirms its situation according to the mentioned resistance.
Note that breaching 114.65 will push the price to achieve additional gains that target 116.35 areas on the near term basis, while consolidating below it will press on the price to decline again and visit 113.60 initially.
The expected trading range for today is between 114.00 support and 115.40 resistance
The expected trend for today: Neutral
Forex and Currency News
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
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The USDCHF price faces solid resistance – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price encountered solid resistance at ...
Forex
The NZDUSD price rises again – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price has returned to rise after a ...
Forex
The AUDUSD price attempts positively – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price has shown new positive trades ...