The USDJPY builds support base – Analysis - 04-04-2019
Economies.com
2019-04-04 04:14AM UTC
The USDJPY pair keeps its stability above the breached resistance that forms good support base at 111.40, thus, the bullish trend still valid on the intraday and short term basis, supported by the EMA50 that carries the price from below, reminding you that our waited targets begin at 111.75 followed by 112.14.
We should note that breaking 111.40 will push the price to decline towards 110.86 before any new positive attempt.
The expected trading range for today is between 110.86 support and 112.20 resistance
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex
Euro under pressure ahead of European inflation data
2024-04-30 07:41AM UTC
Euro declined in European trade on Tuesday against a basket of major rivals, backing away from ...
Forex
Dollar loses ground as markets focus on corporate earnings
2024-04-29 18:46PM UTC
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the ...
Forex Technical Analysis
Forex
The GBPCHF provides positive signal – Forecast today – 1-5-2024
2024-05-01 05:33AM UTC
Scenarios and Trading Range Expected Scenarios GBPCHF price provided positive signals by ...
Forex
The EURJPY achieves the first target – Forecast today – 1-5-2024
2024-05-01 05:26AM UTC
Scenarios and Trading Range Expected Scenarios EURJPY pair took advantage of frequent ...
Forex
The GBPJPY keeps the positivity – Forecast today – 1-5-2024
2024-05-01 05:25AM UTC
Scenarios and Trading Range Expected Scenarios GBPJPY pair confirmed keeping the bullish ...