The USDJPY continues to test the resistance – Analysis - 03-04-2023

Economies.com
2023-04-03 01:39AM UTC

The USDJPY pair keeps fluctuating around 133.30 level, keeping its stability below it until now, to continue suggesting the expected bearish trend on the intraday basis, waiting to get negative motive that assists to push the price to achieve our targets that start at 131.60 and extend to 130.40.

 

Breaking 132.60 will reinforce the expectations to decline and head to achieve the waited targets, while breaching 133.30 will stop the bearish trend and push the price to build bullish wave on the intraday and short term basis.

The expected trading range for today is between 132.30 support and 133.90 resistance

The expected trend for today: Bearish

Forex and Currency News

Forex 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 ...
USD/JPY news

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 News

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

NZD USD 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 ...
AUD USD Analysis

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 ...
GBP USD Analysis

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 ...