The USDJPY keeps its negative stability – Analysis - 08-04-2020
Economies.com
2020-04-08 04:59AM UTC
The USDJPY pair tests the EMA50 that forms intraday support at 108.60 now, waiting to break this level to confirm the continuation of the expected bearish wave for the upcoming period, which targets 107.68 level as a first station.
Stochastic reaches the overbought areas to support the chances of achieving the required break, to continue suggesting the bearish trend on the intraday and short term basis unless the price rallied to breach 109.20 level and hold above it.
The expected trading range for today is between 107.70 support and 109.50 resistance
The expected trend for today: Overall Bearish
Forex and Currency News
Forex
Loonie edges up after monthly employment data
2024-05-10 15:49PM UTC
The Canadian dollar rose against most major rivals following monthly jobs data which revealed solid ...
Forex
Sterling moves in a positive zone after hot growth data
2024-05-10 08:26AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Yen heads for weekly loss as intervention momentum from Japanese authorities fade
2024-05-10 04:51AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, resuming losses against the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The GBPUSD price shows slight positive trades. It might head ...
Forex
The EURUSD price forecast update - 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The EURUSD price fluctuates within tight range since morning, ...
Forex
The NZDCAD tests the resistance – Forecast today – 10-5-2024
2024-05-10 07:11AM UTC
NZDCAD Price Analysis 1. Expected Scenario NZDCAD price faces strong positive pressures ...