USDJPY gathers the positive momentum – Analysis - 14-11-2018

Economies.com
2018-11-14 05:03AM UTC

The USDJPY pair keeps its stability above 113.56 level, getting continuous positive support by the EMA50, noticing that stochastic gets rid of its negativity and approaches the oversold areas.

 

Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, which targets 114.55 followed by 115.50 levels as next main stations, reminding you that the continuation of the expected rise depends on the price stability above 113.56.

 

Expected trading range for today is between 113.50 support and 114.70 resistance

 

Expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
EUR/JPY news

Forex

Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
EUR/USD news

Forex

Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
GBP USD Analysis

Forex

The GBPUSD forecast update 25-04-2024
2024-04-25 09:42AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...