The USDJPY negotiates the resistance – Analysis - 26-05-2022
Economies.com
2022-05-26 04:06AM UTC
The USDJPY pair trades positively to test the first key resistance at 127.40, keeping its stability below it until now, accompanied by witnessing clear overbought signals through stochastic, waiting to motivate the price to resume the correctional bearish trend, which targets 125.00 level as a next main station.
Therefore, the negative scenario will remain valid for the upcoming period unless breaching 127.40 followed by 128.20 levels and holding above them.
The expected trading range for today is between 126.70 support and 127.90 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...