The USDJPY faces solid resistance – Analysis - 09-03-2023
Economies.com
2023-03-09 04:29AM UTC
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
Dollar gives up three-week high ahead of unemployment claims data
2023-12-07 11:30AM UTC
Dollar declined in European trade on Thursday against a basket of major rivals away from three-week ...
Forex
Euro sharpens decline to three-week trough on European interest rate cut prospects
2023-12-07 07:39AM UTC
Euro fell in European trade on Thursday against a basket of major rivals, heading for the seventh ...
Forex
Loonie resumes gains before BOC decision
2023-12-06 14:01PM UTC
Canadian dollar rose in American trade on Wednesday against a basket of major rivals, resuming ...
Forex Technical Analysis
Forex
The USDCHF below the moving average – Analysis - 08-12-2023
2023-12-08 04:40AM UTC
The USDCHF pair provided temporary positive attempts yesterday and returned to settle below the ...
Forex
The NZDUSD surpasses the resistance – Analysis - 08-12-2023
2023-12-08 04:40AM UTC
The NZDUSD pair breached 0.6140 level clearly and settled above it, to stop yesterday’s ...
Forex
The AUDUSD regains the bullish track – Analysis - 08-12-2023
2023-12-08 04:40AM UTC
The AUDUSD pair continued to rise after confirming breaching 0.6545 and holding above it, to ...