The USDJPY breaches the resistance – Analysis - 28-01-2022

Economies.com
1 year ago

The USDJPY pair rallied upwards strongly to breach 114.65 and activates the positive scenario on the intraday and short term basis, regaining the bullish track again, on its way to visit 116.35 as a next main target.

 

Therefore, we expect to witness more rise in the upcoming sessions conditioned by the price stability above 114.65.

Advertistment

The expected trading range for today is between 114.80 support and 116.10 resistance

The expected trend for today: Bullish

Forex and Currency News

EUR/USD news

Forex

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

Forex

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

Forex

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

Forex

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

Forex

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

Forex

Midday update for the EURUSD 22-09-2023
11 hours ago
The EURUSD pair attempts to break 1.0635 level, to support the continuation of the expected bearish ...