The USDJPY records lower high – Analysis - 17-11-2023
2023-11-17 04:05AM UTC

The USDJPY pair bounced bearishly to break 150.95 level and settles below it, to notice that the price recorded lower high that hints heading to return to the correctional bearish track again, to head towards visiting 149.40 followed by 148.30 levels as main negative targets.


Therefore, the bearish bias will be suggested in the upcoming sessions, and breaking 150.10 will ease the mission of achieving the expected targets, while breaching 150.95 represents initial key to attempt to regain the main bullish trend again.



The expected trading range for today is between 149.60 support and 151.00 resistance


The expected trend for today: Bearish

Forex and Currency News

Forex News


Will the US payrolls report pave the way for early Fed interest rate cuts in 2024?
2023-12-08 09:09AM UTC
Markets today await the crucial US payrolls report to gauge the strength of the US labor sector and ...
Forex News


Dollar resumes gains ahead of US jobs data
2023-12-08 08:53AM UTC
Dollar rose in European trade on Friday against a basket of major rivals, resuming gains and ...
Forex News


Dollar gives up three-week high ahead of unemployment claims data
2023-12-07 11:30AM UTC
Dollar declined in European trade on Thursday against a basket of major rivals away from three-week ...

Forex Technical Analysis

EUR USD Analysis


Evening update analysis for the EURUSD 08-12-2023
2023-12-08 15:04PM UTC
The EURUSD pair attempts to break 1.0760 level again, to hint heading to activate the negative ...
NZD USD Analysis


Midday update for the NZDUSD 08-12-2023
2023-12-08 10:36AM UTC
The NZDUSD pair keeps its stability above 0.6140 level, to continue suggesting the bullish trend ...
AUD USD Analysis


Midday update for the AUDUSD 08-12-2023
2023-12-08 10:36AM UTC
The AUDUSD pair settles around 0.6610 since morning, waiting to get positive motive that assist to ...