The USDJPY retests – Analysis - 22-03-2019

Economies.com
2019-03-22 05:17AM UTC

The USDJPY pair provided positive trades yesterday to retest the previously broken neckline of the double top pattern that appears on the chart, accompanied by stochastic reach to the overbought areas, which supports the chances of resuming the bearish bias in the upcoming sessions, to keep the negative effect of this pattern active, waiting to visit 109.40 level as a next main station.

 

We should note that the continuation of the bullish bias and confirming breaching 110.76 will stop the suggested negative scenario and lead the price to start recovery attempts that target 111.70 areas initially.

 

The expected trading range for today is between 110.00 support and 111.25 resistance

 

The expected trend for today: Bearish

 

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price faces temporary negative pressure – Forecast today - 29-03-2024
2024-03-29 01:48AM UTC
USDCHF Price Analysis Expected Scenario: Bullish Trend The USDCHF pair rebounded bearishly ...
NZD USD Analysis

Forex

The NZDUSD price keeps its negative stability – Forecast today - 29-03-2024
2024-03-29 01:47AM UTC
NZDUSD Price Analysis Expected Scenario: Bearish Trend The NZDUSD price remains below the ...
AUD USD Analysis

Forex

The AUDUSD price awaits confirmed break – Forecast today - 29-03-2024
2024-03-29 01:47AM UTC
AUDUSD Price Analysis Expected Scenario: Bearish Momentum The AUDUSD price failed to sustain ...