The USDJPY under the negative pressure – Analysis - 06-07-2022
Economies.com
2022-07-06 04:09AM UTC
The USDJPY pair couldn’t manage to hold for long time above the bullish channel’s support line, to break it and settle below it again, which puts the price under the correctional bearish pressure, targeting testing 134.30 initially, noting that breaking this level will extend the bearish wave to reach 132.85 as a next station.
Therefore, the bearish bias will be expected for today unless breaching 136.20 and holding above it.
The expected trading range for today is between 134.40 support and 135.70 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
Forex
The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
Forex
The GBPUSD forecast update 25-04-2024
2024-04-25 09:42AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...