The USDJPY tests the resistance – Analysis - 15-02-2021

Economies.com
2021-02-15 04:48AM UTC

The USDJPY pair continued to rise to test the key resistance 105.20 and keeps its stability below it, to keep the bearish trend scenario valid until now, waiting to resume the bearish bias that its targets begin by breaking 104.55 level to ease the mission of heading towards 103.65.

 

On the other hand, we should note that breaching 105.20 will stop the negative scenario and push the price to resume the bullish wave within the bullish channel that appears on the chart and head towards 106.00 followed by 106.44 areas on the near term basis.

The expected trading range for today is between 104.30 support and 105.40 resistance

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

Dollar hovers near six-week high ahead of consumer spending data, Powell's remarks
2024-03-29 11:28AM UTC
Dollar Strengthens Amid Declining Rate Cut Odds The dollar rose in European trade on Friday ...
EUR/USD news

Forex

Euro declines to five-week trough amid thin trading
2024-03-29 08:19AM UTC
Euro Decline Amid Holiday Thin Trading Euro declined in European trade on Friday against a basket ...
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 ...

Forex Technical Analysis

Technical Analysis

Forex

The NZDCAD moves to the bearish track – Forecast today – 29-3-2024
2024-03-29 06:18AM UTC
NZDCAD Pair Forecast for Today - 29-3-2024 The NZDCAD pair surrendered to the negative ...
EUR JPY Analysis

Forex

The EURJPY declines below the support – Forecast today – 29-3-2024
2024-03-29 06:13AM UTC
EURJPY Pair Forecast for Today - 29-3-2024 The EURJPY pair surrendered to the negative ...
GBP JPY Analysis

Forex

The GBPJPY has to decline – Forecast today – 29-3-2024
2024-03-29 06:12AM UTC
GBPJPY Pair Forecast for Today - 29-3-2024 The GBPJPY pair still confined with many negative ...