The USDJPY price achieves clear gains – Forecast today - 13-03-2024
Economies.com
2024-03-13 02:58AM UTC
The USDJPY price rallied upwards yesterday to breach 147.10 level and approach the key resistance 148.37, noticing that the price rebound bearishly from there to head towards resuming the bearish correction on the intraday basis, supported by the negative pressure formed by the EMA50, waiting to test 146.80 to open the way to head towards the next correctional level at 145.60.
On the other hand, we should note that breaching 148.37 will stop the negative scenario and push the price to recover and attempt to regain the main bullish trend again.
The expected trading range for today is between 146.60 support and 148.00 resistance
Trend forecast: Overall bearish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...