The USDJPY gets a negative signal – Analysis - 03-07-2020

Economies.com
2020-07-03 04:09AM UTC

The USDJPY pair settles below 107.68 level, noticing that stochastic provides negative overlapping signal now, waiting to motivate the price to resume the negative trading in the upcoming sessions, as our main expected target is located at 106.44.

 

Therefore, we will keep our bearish overview for today, reminding you that it is important to hold below 107.68 to continue the suggested decline.

 

The expected trading range for today is between 106.70 support and 108.00 resistance

The expected trend for today: Bearish

Forex and Currency News

USD/JPY news

Forex

Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex News

Forex

Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
AUD/USD news

Forex

Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price presses on the key support ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial break to ...
GBP USD Analysis

Forex

The GBPUSD forecast update 08-05-2024
2024-05-08 09:36AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to ...