USDJPY attempts positively – Analysis - 24-07-2018

Economies.com
2018-07-24 03:23AM UTC

The USDJPY pair provided positive trading yesterday and attempted to breach 111.32 level, but it begins today negatively to move below the mentioned level, noticing that stochastic begins to provide negative overlapping signal on the four hours’ time frame, waiting to motivate the price to provide more negative trading in the upcoming sessions.

 

Therefore, our bearish overview will remain active for today conditioned by holding below 111.32, reminding you that our main waited target is located at 110.04.

 

Expected trading range for today is between 110.30 support and 111.85 resistance

 

Expected trend for today: Bearish

Forex and Currency News

Forex News

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 ...
USD/JPY news

Forex

Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex News

Forex

Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
GBP USD Analysis

Forex

The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...