The USDJPY breaks the support – Analysis - 16-03-2023
2 months ago

The USDJPY pair faced clear negative pressure to break 133.30 and settles below it by today’s open, to head towards expected turn to decline, on its way to achieve negative targets that start at 131.60 and extend to 130.50.


The EMA50 forms negative pressure against the price to support the continuation of the expected bearish trend, while stochastic positivity might cause some sideways fluctuation before resuming the decline.


Note that breaching 133.30 and holding above it will reactivate the positive scenario and push the price towards 135.40 initially.

The expected trading range for today is between 131.90 support and 133.50 resistance

The expected trend for today: Bearish

Forex and Currency News

GBP/USD news


Sterling moves in negative zone on grim economic outlook
3 hours ago
Sterling fell in European trade for the fourth straight session against dollar, amid a grim outlook ...
AUD/USD news


Aussie is most profitable major currency after unexpected RBA decision
1 day ago
Australian dollar rose widely on Tuesday for the fourth straight session, hitting three-week highs ...
USD/CHF news


Swiss franc hovers near two-month low following inflation data
1 day ago
Swiss franc fell in European trade for  a second session against dollar, almost hitting ...

Forex Technical Analysis

AUD USD Analysis


Midday update for the AUDUSD 07-06-2023
46 minutes ago
The AUDUSD pair shows additional positive trades to attempt to move away from 0.6660, to reinforce ...
GBP USD Analysis


Midday update for the GBPUSD 07-06-2023
46 minutes ago
The GBPUSD pair shows negative trades now in attempt to resume the expected bearish trend for ...
EUR USD Analysis


Midday update for the EURUSD 07-06-2023
46 minutes ago
The EURUSD pair resumes its negative trading to test the intraday bullish trend line that appears ...