The USDJPY price needs strong positive motive – Forecast today - 24-04-2024
Economies.com
2024-04-24 03:55AM UTC
USDJPY Price Analysis
USDJPY Scenario:
- The tight range dominates the USDJPY price trades in the previous sessions, which continues to move around 154.78 level, waiting to get positive motive that pushes the price to breach this level and confirm rallying towards 156.00 as a next main target.
- Therefore, our bullish overview will remain valid as it is without any change unless breaking 154.20 and holding below it.
Trading Range:
- The expected trading range for today is between 154.10 support and 155.60 resistance.
Trend forecast: Bullish
The GBPUSD price surpasses the resistance - Forecast today - 24-04-2024
Economies.com
2024-04-24 03:54AM UTC
GBPUSD Price Analysis
GBPUSD Scenario:
- The GBPUSD price rallied upwards clearly yesterday to breach 1.2385$ level and reach the thresholds of 1.2480$ level, to hint the attempt to return to the main bullish track again, but we notice that RSI approaches the overbought areas, while the EMA50 forms negative pressure against the price, to face contradiction between the technical factors that makes us prefer to stay aside until we get clearer signal for the next trend.
- Note that the continuation of the rise and breaching 1.2480$ will lead the price to achieve more gains and target 1.2580$ as a next positive station, while breaking 1.2385$ will push the price to decline again and head towards 1.2265$ mainly.
Trading Range:
- The expected trading range for today is between 1.2370$ support and 1.2540$ resistance.
Trend forecast: Neutral
The EURUSD price tests the resistance – Forecast today - 24-04-2024
Economies.com
2024-04-24 03:54AM UTC
EURUSD Price Analysis
EURUSD Scenario:
- The EURUSD price keeps rising to test the key resistance 1.0715$ now, which represents the neckline of the double top pattern that its signs appear on the chart, accompanied by stochastic loss for more positive momentum and witnessing clear overbought signals, which forms negative motive that we are waiting to push the price to decline again.
- Therefore, the bearish trend scenario will remain active for the upcoming period, which its targets begin by testing 1.0615$ level, noting that breaching 1.0715$ will stop the expected decline and lead the price to attempt to regain the main bullish trend again, to head towards visiting 1.0795$ initially.
Trading Range:
- The expected trading range for today is between 1.0620$ support and 1.0770$ resistance.
Trend forecast: Bearish
End of day crude oil price forecast update - 23-04-2024
Economies.com
2024-04-23 18:24PM UTC
Crude oil price rallies upwards to reach our waited target at 83.90$, and the way seems open to surpass this level and open the way to achieve more gains on the intraday and short-term basis, noting that confirming the breach will push the price to continue rising and test 85.20$ as a next positive station, while holding against the current bullish rally will press on the price to visit 81.50$ areas again.
Frequently asked questions
What is the price of USD/JPY today?
The price of USD/JPY is $147.11 (2025-08-20 17:45PM UTC)