The USDJPY under the negative pressure – Analysis - 19-07-2019
Economies.com
2019-07-19 04:54AM UTC
The USDJPY pair provided clear negative trades yesterday after retesting the broken neckline of the head and shoulders’ pattern that appears on the chart, and the price falls under continuous negative pressure that comes by the EMA50, to keep the bearish trend valid and active in the upcoming sessions, which targets 106.78 mainly.
Holding below 108.10 is important to continue the expected decline, as breaching it will lead the price to return to the correctional bullish track again, to achieve positive targets that start at 108.93.
The expected trading range for today is between 106.80 support and 108.10 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
US retail sales beat expectations in March
2024-04-15 12:39PM UTC
US retail sales rose 0.7% in March, beating estimates of a 0.4% increase, while down from 0.9% in ...
Forex
Euro tries to recoup from five-month trough amid bearish outlook
2024-04-15 08:41AM UTC
Euro rose in European trade on Monday against a basket of major rivals amid attempts to recoup from ...
Forex
Euro sharpens decline to five-month lows on concerns about the interest rate gap
2024-04-12 08:04AM UTC
Euro fell in European trade on Friday against a basket of major rivals, sharpening losses for the ...
Forex Technical Analysis
Forex
The USDCHF price gets the positive momentum – Forecast today - 16-04-2024
2024-04-16 04:01AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price continues to fluctuate within ...
Forex
The NZDUSD price surpasses the target – Forecast today - 16-04-2024
2024-04-16 04:01AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price broke 0.5915$ level strongly and ...
Forex
The AUDUSD price touches the target – Forecast today - 16-04-2024
2024-04-16 04:01AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price succeeded to achieve our waited ...