The USDJPY keeps achieving the negative targets – Analysis - 29-07-2022

Economies.com
2022-07-29 04:02AM UTC

The USDJPY pair succeeded to achieve our second target at 134.55 and begins today with clear decline to break this level and open the way to extend the correctional bearish wave, targeting 133.00 followed by 131.55 levels as next negative stations.

 

Therefore, we are waiting for more expected decline in the upcoming sessions unless the price rallied to breach 134.55 followed by 135.70 levels and holding above them.

The expected trading range for today is between 132.90 support and 134.55 resistance

Open Live Trading Account

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
USD/CHF news

Forex

Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex News

Forex

Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price begins the bearish correction – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
USDCHF Price Analysis The USDCHF price broke the bullish channel’s support line clearly ...
NZD USD Analysis

Forex

The NZDUSD price keeps rising – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
NZDUSD Price Analysis The NZDUSD price shows a more bullish bias as it approaches our awaited ...
AUD USD Analysis

Forex

The AUDUSD price hits the first target – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
AUDUSD Price Analysis The AUDUSD price managed to achieve our first awaited target at 0.6570$, and ...