USDJPY gathers the positive momentum – Analysis - 14-06-2018

Economies.com
2018-06-14 00:39AM UTC

The USDJPY pair shows some bearish bias to approach testing the key support base 110.04, accompanied by stochastic reach to the oversold areas, while the EMA50 meets the mentioned support to add more strength to it.

 

Therefore, these factors encourage us to continue suggesting the bullish trend that depends on holding above the mentioned support, while its next main target located at 111.32.

 

Expected trading range for today is between 109.60 support and 111.32 resistance, 

 

Expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex News

Forex

US consumer prices miss estimates in April
2024-05-15 12:39PM UTC
 US consumer prices rose 0.3% m/m in April, missing estimates of a 0.4% ...
AUD/USD news

Forex

Aussie parks at two month highs even as Australian wages slow down
2024-05-15 04:23AM UTC
The Australian dollar rose in European trade on Wednesday against a basket of major rivals, ...

Forex Technical Analysis

Technical Analysis

Forex

The NZDCAD regains the bullish track – Forecast today – 16-5-2024
2024-05-16 05:41AM UTC
NZDCAD Price Analysis Expected Scenario The NZDCAD price succeeded in regaining the ...
EUR JPY Analysis

Forex

The EURJPY under the correctional effect – Forecast today – 16-5-2024
2024-05-16 05:38AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair provided a new negative close ...
GBP JPY Analysis

Forex

The GBPJPY hovers around the correctional target – Forecast today – 16-5-2024
2024-05-16 05:37AM UTC
  GBPJPY Pair Analysis Expected Scenario The GBPJPY pair activated the correctional ...