The USDJPY price faces solid resistance – Forecast today - 28-03-2024
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 News


Fed Chair: Driving down inflation towards target could take longer than expected
2024-04-16 20:10PM UTC
Fed Chair Jerome Powell said in a symposium earlier today that inflation has stiffened and held in ...
Forex News


US retail sales beat expectations in March
2024-04-15 12:39PM UTC
US retail sales rose 0.7% in March, beating estimates of a 0.4% increase, while down from 0.9% in ...
EUR/USD news


Euro tries to recoup from five-month trough amid bearish outlook
2024-04-15 08:41AM UTC
Euro rose in European trade on Monday against a basket of major rivals amid attempts to recoup from ...

Forex Technical Analysis

GBP USD Analysis


The GBPUSD forecast update 16-04-2024
2024-04-16 09:48AM UTC
GBPUSD Price Forecast The GBPUSD price fluctuates positively now to head towards potential test ...
EUR USD Analysis


The EURUSD price forecast update - 16-04-2024
2024-04-16 09:48AM UTC
EURUSD Price Forecast The EURUSD price finds good support at 1.0600$ barrier, to show some ...
EUR GBP Analysis


The EURGBP tends to resume the decline – Forecast today – 16-4-2024
2024-04-16 05:51AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP pair confirmed its affection by the ...