USDJPY begins positively – Analysis - 06-10-2017

Economies.com
2017-10-06 03:42AM UTC

The USDJPY pair closed yesterday's trading exactly at 112.80, starting today with bullish bias that hints the price head to rise, making the bullish trend expected for today, supported by the EMA50, waiting to target 113.55 followed by 114.49 levels mainly.

 

We should note that breaking 112.80 followed by 112.50 levels will stop the expected rise and push the price to decline towards 111.75 direct.

 

Expected trading range for today is between 112.00 support and 113.55 resistance.

 

Expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
USD/JPY news

Forex

Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
GBP/JPY news

Forex

Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price awaits the breach – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
USDCHF Price Analysis The USDCHF price continues to fluctuate around 0.9150 level and finds ...
NZD USD Analysis

Forex

The NZDUSD price begins with new positivity – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
NZDUSD Price Analysis The NZDUSD price shows new positive trades by today’s open, to ...
AUD USD Analysis

Forex

The AUDUSD price hits the target – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
AUDUSD Price Analysis The AUDUSD price succeeded to achieve our waited target at 0.6570$ by ...