The USDJPY keeps its negative stability – Analysis - 21-12-2020
Economies.com
2020-12-21 05:14AM UTC
The USDJPY pair settles below 103.65 level, and the EMA50 forms continuous negative pressure against the price, which keeps our bearish overview valid and active for the upcoming period, reminding you that we are waiting to visit 102.50 level as a next target.
On the other hand, we should note that breaching 103.65 will stop the expected decline and push the price to turn to rise on the intraday basis to visit 104.60 level initially.
The expected trading range for today is between 102.70 support and 103.80 resistance
The expected trend for today: Bearish
Forex and Currency News
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
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex Technical Analysis
Forex
The GBPAUD prepares to decline – Forecast today – 25-4-2024
2024-04-25 05:48AM UTC
GBPAUD Price Analysis The GBPAUD price confirmed its surrender to the domination of the bearish ...
Forex
The EURJPY achieves big gains – Forecast today – 25-4-2024
2024-04-25 05:42AM UTC
EURJPY Pair Analysis The EURJPY pair succeeded to resume the bullish attack since this morning ...
Forex
The GBPJPY resumes the rise – Forecast today – 25-4-2024
2024-04-25 05:41AM UTC
GBPJPY Pair Analysis The GBPJPY pair took advantage of the frequent positive pressures to ...