The USDJPY draws minor negative pattern – Analysis - 09-04-2019
Economies.com
2019-04-09 04:12AM UTC
The USDJPY pair returns to test the key support 111.35 again, noticing that the price draws negative pattern that might press on the price to test the most important support at 110.86 before turning back to rise again.
Until now, the main bullish trend scenario still active unless breaking the above mentioned support line, noting that the EMA50 attempts to protect the suggested positive scenario, which its next main target located at 112.14.
The expected trading range for today is between 110.86 support and 112.14 resistance
The expected trend for today: Bullish
Forex and Currency News
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex
Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex Technical Analysis
Forex
The EURUSD price forecast update - 18-04-2024
2024-04-18 11:08AM UTC
The EURUSD price shows more bullish bias to approach 1.0715$ level, and as we mentioned this ...
Forex
The CADCHF takes advantage of the support line stability – Forecast today – 18-4-2024
2024-04-18 05:38AM UTC
CADCHF Price Analysis Expected Scenario The CADCHF takes advantage of the stability of ...
Forex
The EURJPY seeks an escape – Forecast today – 18-4-2024
2024-04-18 05:34AM UTC
EURJPY Pair Price Analysis Expected Scenario The EURJPY pair formed more bullish waves ...