The USDJPY consolidates below the resistance – Analysis - 03-02-2023
4 months ago

The USDJPY pair settles below the resistance line formed at 128.90, noticing that stochastic loses its positive momentum clearly, while the EMA50 forms negative pressure against the price.


Therefore, these factors encourage us to continue suggesting the bearish trend that its next target located at 127.15, reminding you that it is important to hold below 128.90 to achieve the waited targets.

The expected trading range for today is between 127.60 support and 129.20 resistance

The expected trend for today: Bearish

Forex and Currency News

GBP/USD news


Sterling moves in negative zone on grim economic outlook
2 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
3 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
4 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
4 minutes ago
The EURUSD pair resumes its negative trading to test the intraday bullish trend line that appears ...