The USDJPY begins positively – Analysis - 20-03-2019
Economies.com
2019-03-20 04:54AM UTC
The USDJPY pair opened today’s trading with clear rise to test the key resistance 111.67, noticing that stochastic reaches the overbought areas now, waiting to motivate the price to rebound bearishly to resume the expected bearish trend for the upcoming period, which depends on the price stability below the mentioned level.
The waited negative targets begin at 110.76 followed by 110.35, while breaching 111.67 represents the key to resume the main bullish trend to head towards areas that extend to 113.00 on the near term basis.
The expected trading range for today is between 110.76 support and 112.07 resistance
The expected trend for today: Bearish
Forex and Currency News
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
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex Technical Analysis
Forex
The GBPAUD prepares to decline – Forecast today – 25-4-2024
2024-04-25 05:48AM UTC
GBPAUD Price Analysis The GBPAUD price confirmed its surrender to the domination of the bearish ...
Forex
The EURJPY achieves big gains – Forecast today – 25-4-2024
2024-04-25 05:42AM UTC
EURJPY Pair Analysis The EURJPY pair succeeded to resume the bullish attack since this morning ...
Forex
The GBPJPY resumes the rise – Forecast today – 25-4-2024
2024-04-25 05:41AM UTC
GBPJPY Pair Analysis The GBPJPY pair took advantage of the frequent positive pressures to ...