USDJPY crawls downwards – Analysis - 14-05-2018
Economies.com
2018-05-14 02:57AM UTC
The USDJPY pair shows slight negative trading to keep approaching 109.00 level, moving below the correctional bullish channel’s support now, to reinforce the chances of continuing the bearish trend in the upcoming period, reminding you that there is an under construction double top pattern now, which reinforces the expectations of achieving more decline on the intraday and short term basis.
Therefore, we will keep our bearish overview conditioned by the price stability below 110.04, reminding you that the extended target reaches 107.98.
Expected trading range for today is between 108.40 support and 110.00 resistance.
Expected trend for today: Bearish
Forex and Currency 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
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 02-05-2024
2024-05-02 09:06AM UTC
GBPUSD Trading Report The GBPUSD price shows weak trades since morning, settling above 1.2500$ ...
Forex
The EURUSD price forecast update - 02-05-2024
2024-05-02 09:05AM UTC
EURUSD Trading Report The EURUSD price continues to fluctuate around 1.0715$ level, and we still ...
Forex
The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...