The USDJPY faces solid resistance – Analysis - 09-03-2023
Economies.com
2 months ago
The USDJPY pair shows some bearish bias to head towards potential test to the bullish channel’s support line, as it finds difficulty to surpass the key resistance 137.70, and the EMA50 meets the mentioned support to add more strength to it, to suggest the continuation of the bullish trend for the upcoming period, waiting to breach the mentioned resistance to rally towards 139.25 as a next main target.
Stochastic attempts to overlap positively to support the continuation of the positive scenario, noting that breaking 136.15 will stop he expected rise and press on the price to turn to decline.
The expected trading range for today is between 136.30 support and 138.00 resistance
The expected trend for today: Bullish
Forex and Currency News
Forex
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 ...
Forex
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 ...
Forex
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
Forex
The GBPCAD attacks the moving average – Analysis – 7-6-2023
4 hours ago
The GBPCAD pair confirmed its affection by the domination of the bearish bias since it exited the ...
Forex
The EURJPY threats the positive stability – Analysis – 7-6-2023
4 hours ago
The EURJPY pair provided negative signal by crawling below the minor bullish channel’s ...
Forex
The GBPJPY still bullish – Analysis – 7-6-2023
4 hours ago
Despite the negative pressures that the GBPJPY pair faced yesterday and forming bearish wave, that ...