The USDJPY hits the first target – Analysis - 25-07-2022
Economies.com
2022-07-25 03:49AM UTC
The USDJPY pair succeeded to achieve our first waited target at 136.40 and broke it to close the daily candlestick below it, which supports the continuation of the bearish correction domination in the upcoming period, paving the way to head towards 134.90 followed by 134.55 levels as next negative stations.
Therefore, we will continue to suggest the bearish trend on the intraday basis, taking into consideration that stepping above 136.40 and holding above it will lead the price to start recovery attempts and regain the main bullish trend again.
The expected trading range for today is between 135.40 support and 136.70 resistance
The expected trend for today: Bearish
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 ...