The USDJPY hits the first target – Analysis - 09-04-2021
Economies.com
2021-04-09 03:45AM UTC
The USDJPY pair succeeded to touch our waited target at 109.22 and settles around it now, falling under negative pressure coming by the EMA50, to support the chances of surpassing the mentioned level and open the way to head towards 108.40 that represents the next negative station.
Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that holding below 109.55 represents the first condition to continue the expected decline.
The expected trading range for today is between 108.60 support and 109.75 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...