The USDJPY faces negative pressure – Analysis - 19-03-2019
Economies.com
2019-03-19 05:05AM UTC
The USDJPY pair could not manage to hold for long time above 111.67 level, to trade with clear negativity yesterday and break the bullish channel’s support line that appears on the chart, which hints the price head to turn to decline, and the price approaches testing the key support 111.00, noting that breaking this level will confirm the continuation of the bearish bias towards 110.76 followed by 110.35 levels as next negative stations.
Therefore, the bearish trend will be suggested for today unless the price managed to rally to breach 111.67 level and hold above it.
The expected trading range for today is between 110.35 support and 111.70 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
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 Technical Analysis
Forex
The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...