The USDJPY completes the positive pattern – Analysis - 01-08-2019
Economies.com
2019-08-01 04:57AM UTC
The USDJPY pair succeeded to breach 108.93 level by today’s opening and closed the last four hours’ candlestick above it, to complete forming the double bottom pattern that appears on the chart and activates its positive effect, waiting for more rise in the upcoming period, as the next positive targets located at 109.60 followed by 110.25.
Therefore, we will continue to suggest the bullish trend supported by the EMA50, noting that holding above 108.93 represents the first condition to continue the expected rise.
The expected trading range for today is between 108.70 support and 110.00 resistance
The expected trend for today: Bullish
Forex and Currency News
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...