The USDJPY loses momentum – Analysis - 07-03-2023
Economies.com
3 weeks ago
The USDJPY pair didn’t show any strong move since yesterday, to hover around the EMA50, thus, the bearish trend scenario will remain valid as it is without any change, depending on the price exit from the correctional bullish channel, waiting to visit 134.55 followed by 133.30 levels mainly.
Stochastic loses its positive momentum clearly to support the expectations to decline, noting that breaching 136.45 will push the price to rise again and test 137.70 level before determining the next destination clearly.
The expected trading range for today is between 135.00 support and 136.50 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
US unemployment claims rise past estimates
2 days ago
US unemployment claims rose to 198 thousand in the week ending March 25, above estimates of 196 ...
Forex
US economy grows less than expected in fourth quarter
2 days ago
US GDP grew 2.6% y/y in the fourth quarter of 2022, down from 3.2% in the third quarter, and ...
Forex
Dollar plumbs week lows ahead of US growth data
2 days ago
Dollar fell in European trade against a basket of major rivals with markets considering whether the ...
Forex Technical Analysis
Forex
Midday update for the GBPUSD 31-03-2023
1 day ago
The GBPUSD pair tested 1.2400 barrier and bounced bearishly to trade at the intraday bullish ...
Forex
Midday update for the EURUSD 31-03-2023
1 day ago
The EURUSD pair shows some slight bearish bias now, affected by stochastic negativity, waiting to ...
Forex
The GBPCAD keeps the positivity – Analysis – 31-3-2023
1 day ago
The GBPCAD pair formed bullish channel recently, to notice recording many gains by touching 1.6700 ...