The USDJPY surpasses the first target – Analysis - 23-11-2021
Economies.com
2021-11-23 05:21AM UTC
The USDJPY pair rallied upwards strongly to succeed achieving our first waited target at 114.70, and opened today with additional rise to breach this level and open the way to head towards our second target at 115.50, expecting the continuation of the rise on the intraday and short term basis to achieve additional gains that reach 117.00.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 114.70.
The expected trading range for today is between 114.70 support and 115.80 resistance
The expected trend for today: Bullish
Forex and Currency News
Forex
Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex Technical Analysis
Forex
The GBPCHF returns to the negative track – Forecast today – 8-5-2024
2024-05-08 05:27AM UTC
Expected Scenarios GBPCHF price encounters solid barrier at 1.1518 during correctional bullish ...
Forex
The EURJPY keeps the bullish bias – Forecast today – 8-5-2024
2024-05-08 05:21AM UTC
Expected Scenarios EURJPY pair remains stable within bullish channel Continuous support from ...
Forex
The GBPJPY faces difficulty to surpass the barrier – Forecast today – 8-5-2024
2024-05-08 05:20AM UTC
Expected Scenarios GBPJPY pair consolidates within bullish channel Positive momentum from ...