The USDJPY gets a new positive signal – Analysis - 21-10-2021
1 year ago

The USDJPY pair faced temporary negative pressure yesterday to test the key support 114.10 and keeps its stability above it, as it begins to provide positive trades now, noticing that stochastic provides positive overlapping signal on the hour hours’ time frame, waiting to motivate the price to resume the main bullish trend, which its next main targets located at 115.00 followed by 115.55.


Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 114.10 and holding below it.


The expected trading range for today is between 113.90 support and 115.00 resistance

The expected trend for today: Bullish

Forex and Currency News

EUR/USD news


Euro trades near six-month low ahead of major European data
3 hours ago
Euro fell in European trade on Friday against a basket of major rivals, extending losses for the ...
GBP/USD news


Sterling sharpens decline to six-month lows after surprise decision by BOE
21 hours ago
Sterling fell on Thursday after Bank of England announced a surprise pause in the cycle of rate ...
Forex News


Dollar extends gains to six-month high on Fed prospects
22 hours ago
US Dollar rose in European trade on Thursday against a basket of major rivals for the third ...

Forex Technical Analysis

Technical Analysis


The CADJPY faces difficulty to rise – Analysis – 22-9-2023
3 hours ago
Despite the consolidation of the CADJPY pair within the bullish channel, the stability of the ...
EUR JPY Analysis


The EURJPY tends towards the positivity – Analysis – 22-9-2023
3 hours ago
The EURJPY pair resisted the frequent negative pressures caused by the contradiction between the ...
GBP JPY Analysis


The GBPJPY hits the second target – Analysis – 22-9-2023
3 hours ago
The GBPJPY pair formed new negative attack yesterday, taking advantage of the frequent stability ...