The USDJPY price faces solid resistance – Forecast today - 28-03-2024
Economies.com
2024-03-28 03:08AM UTC
USDJPY Price Analysis
Bullish Scenario
- The USDJPY price bounced downwards clearly after attempting to breach 151.81 level yesterday.
- Tested the key support 151.10.
- Noticing that the price attempts to recover by today’s open.
- Keep our bullish overview on the intraday basis, waiting to breach the mentioned resistance.
- Open the way to rally towards 153.00 as a next main target.
Bullish Wave Support
The EMA50 continues to support the suggested bullish wave.
Breaking 151.10 will push the price to achieve bearish correction that targets testing 150.55 initially.
Trading Range
The expected trading range for today is between 150.70 support and 152.20 resistance.
Trend forecast: Bullish
Forex and Currency News
Forex
Sterling moves in a positive zone after hot growth data
2024-05-10 08:26AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Yen heads for weekly loss as intervention momentum from Japanese authorities fade
2024-05-10 04:51AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, resuming losses against the ...
Forex
BOE holds interest rates unchanged for sixth straight meeting
2024-05-09 11:33AM UTC
Bank of England voted to hold interest rates unchanged for the fifth straight meeting at 5.25%, the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The GBPUSD price shows slight positive trades. It might head ...
Forex
The EURUSD price forecast update - 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The EURUSD price fluctuates within tight range since morning, ...
Forex
The NZDCAD tests the resistance – Forecast today – 10-5-2024
2024-05-10 07:11AM UTC
NZDCAD Price Analysis 1. Expected Scenario NZDCAD price faces strong positive pressures ...