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The USDJPY price reaches the first target – Forecast today - 18-03-2024

Economies.com
2024-03-18 03:16AM UTC

The USDJPY price succeeded to touch our first positive target at 149.25 and settles there, and we suggest the continuation of the bullish bias in the upcoming sessions affected by the previously completed double bottom pattern, which has additional targets that reach 149.90.

 

Therefore, our bullish overview will remain valid for the upcoming period, supported by moving above the EMA50, while its continuation conditions holding above 148.37 and 148.15 levels.

 

The expected trading range for today is between 148.60 support and 150.00 resistance

 

Trend forecast: Bullish

The GBPUSD price awaits more decline - Forecast today - 18-03-2024

Economies.com
2024-03-18 03:16AM UTC

The GBPUSD price crawls downwards, and continues to move inside the intraday bearish channel that appears on the chart, waiting to test 1.2670 as a next main target.

 

Moving below the EMA50 supports the suggested negative scenario, taking into consideration that breaching 1.2805 will stop the bearish wave and lead the price to regain the main bullish track again.

 

The expected trading range for today is between 1.2650 support and 1.2790 resistance.

 

Trend forecast: Bearish

The EURUSD price loses momentum – Forecast today -

Economies.com
2024-03-18 03:15AM UTC

The EURUSD price settles below the neckline of the double top pattern that appears on the chart, to keep the negative effect of this pattern active, waiting to resume the negative trades to break 1.0860 and confirm opening the way to head towards 1.0765 that represents our next target.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.0900 followed by 1.0960 levels will stop the expected decline and lead the price to recover again.

 

The expected trading range for today is between 1.0800 support and 1.0950 resistance.

 

Trend forecast: Bearish

End of day crude oil price forecast update - 15-03-2024

Economies.com
2024-03-15 17:05PM UTC

Crude oil price leaned on the bullish channel’s support line and bounced bullishly from there, to keep the bullish trend active in the upcoming period, and we believe that the way is open to achieve our next main target at 82.60, reminding you that the continuation of the bullish wave depends on the price stability above 80.30.

Frequently asked questions

What is the price of USD/JPY today?

The price of USD/JPY is $148.91 (2025-07-16 07:55AM UTC)