The USDJPY breaks the support – Analysis - 27-01-2020
Economies.com
2020-01-27 05:51AM UTC
The USDJPY pair broke 109.33 level clearly and settled below it, which puts the price under expected negative pressure on the intraday basis, on its way to test 108.40 level mainly.
Note that it is important to monitor the price when reaching the mentioned level, as holding against the negative pressure will push the price to resume trading inside the bullish channel that appears on the chart, to head towards achieving positive targets that start at 109.33 followed by 110.50, while breaking it will press on the price to suffer more losses and target 107.45 level as a next negative station.
The expected trading range for today is between 108.40 support and 109.70 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...