The USDJPY breaches the resistance – Analysis - 14-03-2019

Economies.com
2019-03-14 05:28AM UTC

The USDJPY pair managed to breach 111.40 level by today’s opening, showing more bullish bias to start testing the minor resistance 111.67, which supports the continuation of our bullish overview efficiently in the upcoming sessions, waiting to visit 112.07 level as a next main station.

 

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis conditioned by the price stability above 111.00.

 

The expected trading range for today is between 111.00 support and 112.30 resistance

 

The expected trend for today: Bullish

Forex and Currency News

GBP/JPY news

Forex

Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex 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 ...
EUR/JPY news

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 Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...
Technical Analysis

Forex

The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...