USDJPY faces the moving average – Analysis - 22-11-2018
Economies.com
2018-11-22 05:06AM UTC
The USDJPY pair tests the previously broken support of the bullish channel that appears on the chart, and the EMA50 keeps pressing negatively on the price, while stochastic provides negative signals now.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions, which targets 112.46 followed by 111.97 levels as next main stations, while holding below 113.56 represents the most important condition to continue the expected decline.
Expected trading range for today is between 112.00 support and 113.56 resistance
Expected trend for today: Bearish
Forex and Currency News
Forex
Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...