USD JPY hits solid ground 14/11/2012

Economies.com
2012-11-14 05:43AM UTC

The pair found solid support at the EMA50 located now at 79.15, supported by stochastic positivity on the daily basis, this interprets the difficulty to achieve the waited bearishness.

 

Therefore, we remain in our neutrality until achieving clear breach to the aforementioned level to confirm heading towards 77.65 as a first major target.

 

Expected trading range for today is between: 78.00 support and 80.70 resistance.

 

Expected trend for today: Neutral

Forex and Currency News

EUR/USD news

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 ...
AUD/USD news

Forex

Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
GBP/USD news

Forex

Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 24-04-2024
2024-04-24 09:29AM UTC
The GBPUSD price shows negative trades to head towards testing the key support 1.2385$, which ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios The EURUSD price begins to rebound bearishly after testing ...
Technical Analysis

Forex

The CADJPY settles within the bullish track – Forecast today – 24-4-2024
2024-04-24 05:44AM UTC
CADJPY Price Analysis Expected Scenario The CADJPY price kept its consolidation within ...