The USDJPY tests the channel’s support – Analysis - 26-04-2022
Economies.com
1 year ago
The USDJPY pair faced negative pressure yesterday to test the main bullish channel’s support line that appears on the chart, noticing that stochastic provides clear positive signals now, waiting to motivate the price to resume the bullish wave that its next target reaches 130.00.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 127.70 and holding below it.
The expected trading range for today is between 127.50 support and 128.80 resistance
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar loses ground but still heads for best quarterly performance in a year
1 day ago
Dollar fell off ten-month highs against a basket of major rivals while on track for the largest ...
Forex
Euro resumes gains as dollar heaps pressure
1 day ago
Euro rose on Friday against a basket of major rivals amid mounting pressures on the US dollar ...
Forex
Yen rebounds from 11-month nadir
1 day ago
Dollar fell against yen on Friday after yen marked 11-month lows recently following strong hints by ...
Forex Technical Analysis
Forex
Midday update for the NZDUSD 29-09-2023
1 day ago
The NZDUSD pair managed to achieve our waited target at 0.6020 and breaches it to attempt to hold ...
Forex
Midday update for the AUDUSD 29-09-2023
1 day ago
The AUDUSD pair shows more bullish rally to approach 0.6500 barrier, reinforcing the expectations ...
Forex
Midday update for the GBPUSD 29-09-2023
1 day ago
The GBPUSD pair shows more rise to reach the thresholds of the waited target at 1.2280, and the way ...