The USDJPY presses on the support – Analysis - 11-09-2023
2023-09-11 04:12AM UTC

The USDJPY pair approached 148.00 barrier on last Friday, but it begins today with clear decline to start pressing on the key support 146.55, to head towards achieving expected decline in the upcoming sessions, motivated by stochastic negativity that appears clearly now, to head towards starting bearish correction that targets testing 145.55 initially.


Therefore, the bearish bias will be suggested for today, noting that the consolidation of 146.55 level against the current negative pressure will lead the price to rise again and achieve gains that start by visiting 148.44 areas.


The expected trading range for today is between 144.80 support and 147.20 resistance


The expected trend for today: Bearish

Forex and Currency News

GBP/USD news


BoE holds interest rates unchanged
2024-06-20 11:11AM UTC
The Bank of England voted to hold interest rates unchanged at the June 20 policy meeting for the ...
USD/CHF news


Franc is worst performing major currency after SNB surprise
2024-06-20 09:29AM UTC
The Swiss franc tumbled in European trade on Thursday away from three-month highs against the US ...
GBP/USD news


Sterling moves in a negative zone ahead of BOE's decisions
2024-06-20 08:32AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, moving in a negative ...

Forex Technical Analysis

GBP USD Analysis


The GBPUSD forecast update 21-06-2024
2024-06-21 09:19AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provided clear negative trades ...
EUR USD Analysis


The EURUSD price forecast update - 21-06-2024
2024-06-21 09:19AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price managed to touch our first ...
Technical Analysis


The AUDCAD ends the bullish rally – Forecast today – 21-6-2024
2024-06-21 07:52AM UTC
AUDCAD Price Analysis Expected Scenario The AUDCAD price confirmed ending the bullish ...