USDJPY breaches the resistance – Analysis - 04-06-2018
Economies.com
2018-06-04 01:21AM UTC
The USDJPY pair rallied upwards to beach 109.00 level and settles above it, which might push the price to test 110.04 level before turning back to decline again, as we notice that stochastic shows clear overbought signals, to keep the chances valid to rebound bearishly and resume the overall bearish trend.
Therefore, we are waiting for negative trades in the upcoming sessions conditioned by the price stability below 110.04, noting that breaking 109.00 will ease the mission of heading towards our next negative target at 108.00.
Expected trading range for today is between 108.50 support and 110.20 resistance,
Expected trend for today: Overall Bearish
Forex and Currency News
Forex
Dollar under pressure ahead of Fed remarks
2024-05-20 11:53AM UTC
The dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
Forex
Euro trades at two-month highs amid positive outlook
2024-05-20 06:38AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains and ...
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 20-05-2024
2024-05-20 10:39AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price hovers near the 1.2700$ level ...
Forex
The EURUSD price forecast update - 20-05-2024
2024-05-20 10:38AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows negative trading now, in ...
Forex
The EURJPY jumps above the barrier – Forecast today – 20-5-2024
2024-05-20 05:45AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair was affected by frequent positive ...