The USDJPY crawls upwards – Analysis - 26-10-2021

Economies.com
1 year ago

The USDJPY pair shows calm positive trades and moves with the bullish channel’s support line that appears on the chart, to keep the bullish trend scenario valid and active for the upcoming period, which targets testing 114.70 initially.

 

Breaching the mentioned level will extend the bullish wave to reach 116.00 areas, while holding above 113.40 represents key condition to continue the expected rise.

Advertistment

The expected trading range for today is between 113.40 support and 114.60 resistance

The expected trend for today: Bullish

Forex and Currency News

EUR/USD news

Forex

Euro trades near six-month low ahead of major European data
5 hours ago
Euro fell in European trade on Friday against a basket of major rivals, extending losses for the ...
GBP/USD news

Forex

Sterling sharpens decline to six-month lows after surprise decision by BOE
23 hours ago
Sterling fell on Thursday after Bank of England announced a surprise pause in the cycle of rate ...
Forex News

Forex

Dollar extends gains to six-month high on Fed prospects
23 hours ago
US Dollar rose in European trade on Thursday against a basket of major rivals for the third ...

Forex Technical Analysis

NZD USD Analysis

Forex

Midday update for the NZDUSD 22-09-2023
1 hour ago
The NZDUSD pair breached 0.5940 level clearly to activate the positive scenario in the upcoming ...
AUD USD Analysis

Forex

Midday update for the AUDUSD 22-09-2023
1 hour ago
The AUDUSD pair trades positively to surpass 0.6440 and attempts to hold above it, to hint heading ...
GBP USD Analysis

Forex

Midday update for the GBPUSD 22-09-2023
1 hour ago
The GBPUSD pair resumes its negative trading clearly to press on the bearish channel’s ...