The USDJPY faces solid resistance – Analysis - 18-02-2021
Economies.com
2021-02-18 05:07AM UTC
The USDJPY pair shows negative trades after facing solid barrier formed by the bullish channel’s resistance that appears on the chart, to move below 106.00 now, noticing that stochastic got rid of its negative momentum to show clear oversold signals, waiting to motivate the price to resume the bullish wave that targets 106.44 mainly.
The EMA50 supports the positive overview, which will remain valid conditioned by the price stability above 105.65.
The expected trading range for today is between 105.40 support and 106.50 resistance
The expected trend for today: Bullish
Forex and Currency News
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
Forex
The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
Forex
The GBPUSD forecast update 25-04-2024
2024-04-25 09:42AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...