The USDJPY within sideways track – Analysis - 31-03-2023

Economies.com
2 months ago

The USDJPY pair fluctuates within tight sideways track since yesterday, moving near 133.30 level, as it keeps its stability below it until now, which keeps the chances valid to resume the main bearish trend, which its targets begin at 131.60 followed by 130.40.

 

The price needs to get negative motive that assists to push to achieve the expected decline, noting that breaking 132.00 will ease the mission of achieving the waited targets, while breaching 133.30 represents positive factor that will push the price to turn to rise on the intraday and short term basis.

The expected trading range for today is between 131.90 support and 133.50 resistance

The expected trend for today: Bearish

Forex and Currency News

USD/CHF news

Forex

Swiss franc hovers near two-month low following inflation data
15 hours ago
Swiss franc fell in European trade for  a second session against dollar, almost hitting ...
EUR/USD news

Forex

Euro declines to near two-month trough ahead of Lagarde's speech
18 hours ago
Euro declined in European trade for a second session against dollar, almost hitting two-month lows ...
Forex News

Forex

Dollar declines to one-week trough ahead of US monthly jobs data
3 days ago
Dollar declined in European trade for another session, plumbing one-week trough off 11-week highs ...

Forex Technical Analysis

GBP USD Analysis

Forex

Midday update for the GBPUSD 05-06-2023
17 hours ago
The GBPUSD pair provides clear negative trades to break 1.2430 level and reinforce the expectations ...
EUR USD Analysis

Forex

Midday update for the EURUSD 05-06-2023
17 hours ago
The EURUSD pair shows slight bearish bias since morning, to move below 1.0700 barrier, reinforcing ...
Technical Analysis

Forex

The CHFJPY builds minor bullish channel – Analysis – 5-6-2023
21 hours ago
The CHFJPY pair formed minor bullish channel recently, to notice its stability above 153.00 support ...