The USDJPY begins with strong negativity – Analysis - 26-11-2021
Economies.com
2021-11-26 05:11AM UTC
The USDJPY pair opens today’s trading with strong negativity to attack 114.70 level, which hints that the price is on its way for potential test to the bullish channel’s support line around 114.00 before turning back to rise again, making the bearish bias suggested temporarily, waiting to resume the main bullish wave after testing the mentioned support.
Note that breaking 114.00 will stop the positive scenario and press on the price to achieve bearish correction for the bullish wave that started from 109.12 areas to this week recorded high.
The expected trading range for today is between 114.00 support and 115.30 resistance
The expected trend for today: Bearish temporarily
Forex and Currency News
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex
Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex Technical Analysis
Forex
The USDCHF price under the negative pressure – Forecast today - 19-04-2024
2024-04-19 04:20AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price begins today with strong decline ...
Forex
The NZDUSD price declines again – Forecast today - 19-04-2024
2024-04-19 04:20AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price couldn’t manage to hold ...
Forex
The AUDUSD price breaks the support – Forecast today - 19-04-2024
2024-04-19 04:20AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price ended yesterday negatively, and ...