The USDJPY is satisfied with the first negative target – Analysis - 06-05-2022

Economies.com
2022-05-06 04:19AM UTC

The USDJPY pair touched our first suggested negative target at 128.60 and bounced upwards strongly from there, to attempt to return to the main bullish channel now, which leads the price to achieve more expected gains in the upcoming sessions, targeting visiting 131.25 followed by 132.00 levels mainly.

 

Therefore, the bullish bias will be suggested for today supported by the EMA50, noting that breaking 130.25 followed by 129.60 levels will put the price under the correctional bearish pressure again.

The expected trading range for today is between 129.90 support and 131.25 resistance

The expected trend for today: Bullish

Forex and Currency News

EUR/USD news

Forex

Euro declines to five-week trough amid thin trading
2024-03-29 08:19AM UTC
Euro Decline Amid Holiday Thin Trading Euro declined in European trade on Friday against a basket ...
Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...

Forex Technical Analysis

Technical Analysis

Forex

The NZDCAD moves to the bearish track – Forecast today – 29-3-2024
2024-03-29 06:18AM UTC
NZDCAD Pair Forecast for Today - 29-3-2024 The NZDCAD pair surrendered to the negative ...
EUR JPY Analysis

Forex

The EURJPY declines below the support – Forecast today – 29-3-2024
2024-03-29 06:13AM UTC
EURJPY Pair Forecast for Today - 29-3-2024 The EURJPY pair surrendered to the negative ...
GBP JPY Analysis

Forex

The GBPJPY has to decline – Forecast today – 29-3-2024
2024-03-29 06:12AM UTC
GBPJPY Pair Forecast for Today - 29-3-2024 The GBPJPY pair still confined with many negative ...