The USDJPY resumes the decline – Analysis - 27-05-2022
Economies.com
2022-05-27 04:23AM UTC
The USDJPY pair resumes its negative trading to move away from 127.40, and breaks 126.90 level now to add more confirmation to the continuation of the bearish trend in the upcoming sessions, and the way is open to head towards our next negative target that reaches 125.00.
Therefore, we will continue to suggest the bearish trend on the intraday basis unless the price rallied to breach 127.40 followed by 128.00 levels and hold above them.
The expected trading range for today is between 126.00 support and 127.40 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...