The USDJPY tests the support – Analysis - 11-03-2021
Economies.com
2021-03-11 04:52AM UTC
The USDJPY pair returned to decline to test the bullish trend line that appears on the chart, as it keeps its stability above it until now, while the EMA50 continues to support the price from below, to continue suggesting the bullish trend for the upcoming period, which its targets begin by breaching 109.22 to open the way to visit 109.85 followed by 110.30.
Note that breaking 108.35 will stop the expected bullish trend and press on the price to turn to decline.
The expected trading range for today is between 108.00 support and 109.30 resistance
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar under pressure from US yields and Japanese authorities
2024-04-29 11:17AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a ...
Forex
Euro hovers near two-week high despite bearish outlook
2024-04-29 07:40AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...
Forex
The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The GBPUSD price shows new positive trades attempting to approach the ...
Forex
The EURUSD price forecast update - 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The EURUSD price surpassed the 1.0715$ level and closed the last four ...
Forex
The GBPAUD hits the first target – Forecast today – 29-4-2024
2024-04-29 05:57AM UTC
GBPAUD Price Analysis Expected Scenario The GBPAUD price started to form new negative ...