The USDJPY hits the first target – Analysis - 10-05-2022
Economies.com
2022-05-10 04:18AM UTC
The USDJPY pair succeeded to achieve our first waited target at 131.25 and bounced bearishly from there, to test the key support 130.25, noticing that the price begins today with bullish bias, supported by the EMA50 that carries the price from below, besides the positive signals provided by stochastic now.
Therefor, the chances valid to provide more positive trades in the upcoming sessions, noting that our next target extends to 132.00, while holding above 130.25 represents key condition to achieve the suggested targets.
The expected trading range for today is between 129.70 support and 131.10 resistance
The expected trend for today: Bullish
Forex and Currency 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
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 ...
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
Forex
The GBPCHF returns to the negative track – Forecast today – 8-5-2024
2024-05-08 05:27AM UTC
Expected Scenarios GBPCHF price encounters solid barrier at 1.1518 during correctional bullish ...
Forex
The EURJPY keeps the bullish bias – Forecast today – 8-5-2024
2024-05-08 05:21AM UTC
Expected Scenarios EURJPY pair remains stable within bullish channel Continuous support from ...
Forex
The GBPJPY faces difficulty to surpass the barrier – Forecast today – 8-5-2024
2024-05-08 05:20AM UTC
Expected Scenarios GBPJPY pair consolidates within bullish channel Positive momentum from ...