The USDJPY breaks the support – Analysis - 25-05-2022
Economies.com
2022-05-25 04:09AM UTC
The USDJPY pair managed to break 127.40 followed by 126.95 support lines, and closed the daily candlestick below the last level, which supports the continuation of the correctional bearish trend efficiently in the upcoming period, paving the way to head towards our next negative target that reaches 125.00.
The EMA50 supports the suggested bearish wave, which will remain valid unless the price rallied to breach 127.40 followed by 128.40 levels and hold above them.
The expected trading range for today is between 126.40 support and 127.70 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
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 Technical 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 ...
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, ...
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 ...