The USDJPY tests the support – Analysis - 06-06-2023
Economies.com
2023-06-06 04:14AM UTC
The USDJPY pair faced clear negative pressure yesterday, to test the key support 139.20 and settles there, accompanied by stochastic reach to the oversold areas, while the EMA50 forms good support against the price.
Therefore, we believe that the chances valid to resume the expected bullish trend on the intraday and short term basis, which targets 141.00 as a next main station, taking into consideration that breaking 139.20 will put the price under the correctional bearish pressure to head towards testing 138.20 as a next negative station.
The expected trading range for today is between 138.80 support and 140.50 resistance
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...