Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD
WhatsApp Telegram LinkedIn Facebook X TikTok Instagram

The USDJPY price needs strong positive motive – Forecast today - 03-04-2024

Economies.com
2024-04-03 02:32AM UTC

USDJPY Price Update

USDJPY Analysis

  • The USDJPY price trades negatively to approach testing the ascending triangle’s support line.
  • The EMA50 meets this support to add more strength to it.
  • Waiting to resume the positive trades and breach 151.81 to confirm extending the bullish wave.
  • Next target is located at 153.00.
  • Note that breaking 151.25 will cancel the positive formation.
  • Putting the price under correctional bearish pressure, with the first target at 150.55.

Expected Trading Range for Today

  • Between 150.80 support and 152.30 resistance.

Trend Forecast: Bullish

The GBPUSD price tests the resistance - Forecast today - 03-04-2024

Economies.com
2024-04-03 02:32AM UTC

GBPUSD Price Update

GBPUSD Analysis

  • The GBPUSD price keeps its stability below 1.2580$ level until now.
  • This keeps the correctional bearish trend valid for the upcoming period, targeting testing 1.2480$ as a next station.
  • The EMA50 keeps supporting the suggested bearish wave.
  • Waiting to activate the negative effect of the head and shoulders’ pattern that appears on the chart.
  • Continuation of the bearish trend depends on the price stability below 1.2580$.

Expected Trading Range for Today

  • Between 1.2480$ support and 1.2640$ resistance.

Trend Forecast: Bearish

The EURUSD price attempts positively – Forecast today - 03-04-2024

Economies.com
2024-04-03 02:32AM UTC

EURUSD Price Update

EURUSD Analysis

  • The EURUSD price ended yesterday’s trading at 1.0765$ level, as it attempted to breach this level.
  • Stochastic shows overbought signals now, while the EMA50 continues to press negatively on the price.
  • These factors encourage us to suggest the bearish rebound in the upcoming sessions.
  • We are waiting to target 1.0645$ as a next main station.
  • Holding above 1.0765$ will stop the negative scenario and push the price to achieve additional gains that reach 1.0860$.

Expected Trading Range for Today

  • Between 1.0680$ support and 1.0840$ resistance.

Trend Forecast: Bearish

End of day EURUSD price forecast update - 02-04-2024

Economies.com
2024-04-02 17:03PM UTC

The EURUSD price trades with clear positivity to attack 1.0765$ level now, which urges caution from the upcoming trading, as the price needs to consolidate below this level to keep the bearish trend scenario active, as confirming the breach will lead the price to build intraday bullish wave that targets testing 1.0860$ areas as a first positive station.

Frequently asked questions

What is the price of USD/JPY today?

The price of USD/JPY is $144.56 (2025-07-04 23:55PM UTC)