The USDJPY pair traded with clear negativity yesterday after breaking 128.60 level, to achieve some temporary bearish correction, noticing that stochastic provides clear positive signals now, waiting to motivate the price to resume the main bullish trend, which its next target located at 130.00.

Note that breaking 127.50 will push the price for additional decline that targets testing the bullish channel’s support line around 126.70 before any new attempt to rise.

The expected trading range for today is between 127.40 support and 128.70 resistance

The expected trend for today: Overall bullish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0186	-0.0062	0.6055%
The EURUSD gets the positive momentum – Analysis - 08-08-2022
	GBP/USD	1.2076	-0.0174	1.4167%

	Silver	19.893	-0.403	1.986%

	Oil	89.207	-4.457	4.758%
Crude oil price resumes the decline – Analysis - 08-08-2022
	Brent Oil	94.92	0.80	0.85%

	Gold	1771.875	1.575	0.089%
Gold price leans on the channel’s support line – Analysis - 08-08-2022

Live Forex Updates

Canada's unemployment rate settles at record lows

2022-08-05 12:41:45 GMT

Canada's economy loses jobs for second straight month

2022-08-05 12:40:05 GMT

US economy adds more jobs than expected in July

2022-08-05 12:38:30 GMT

US unemployment falls to two-year low

2022-08-05 12:34:41 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.