The USDJPY resumes the decline – Analysis - 30-01-2020
Economies.com
2020-01-30 05:48AM UTC
The USDJPY pair resumed its negative trading after approaching 109.33 level in the previous sessions, falling under continuous negative pressure coming by the EMA50, to keep the bearish trend valid and active on the intraday basis, reminding you that our waited target is located at 108.40.
Note that breaking the targeted level will extend the bearish wave to reach 107.45, while the expected decline will remain valid unless breaching 109.33 level and holding with a daily close above it.
The expected trading range for today is between 108.20 support and 109.50 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
Aussie parks at two month highs even as Australian wages slow down
2024-05-15 04:23AM UTC
The Australian dollar rose in European trade on Wednesday against a basket of major rivals, ...
Forex
Dollar under pressure ahead of inflation data, Powell's speech
2024-05-14 10:58AM UTC
Dollar fell in European trade on Tuesday against a basket of major rivals, on track for the second ...
Forex
Yen tumbles to two-week lows, triggering concerns of official Japanese intervention
2024-05-14 04:08AM UTC
Yen fell in Asian trade on Tuesday against a basket of major rivals, sharpening losses for the ...
Forex Technical Analysis
Forex
The AUDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial breach ...
Forex
The GBPUSD forecast update 15-05-2024
2024-05-15 09:28AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price continues to rise to approach ...
Forex
The EURUSD price forecast update - 15-05-2024
2024-05-15 09:28AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows more bullish bias and ...