USDJPY gets the positive momentum – Analysis - 24-01-2019
Economies.com
2019-01-24 05:12AM UTC
The USDJPY pair tested 110.00 barrier yesterday and bounced bearishly from there, to fluctuate around the bullish trend line that appears on the chart, noticing that stochastic gets rid of its negativity and approaches providing positive overlapping signal now, waiting to motivate the price to resume the bullish bias in the upcoming sessions.
Therefore, we will keep our bullish overview for today unless breaking 109.16 level and holding below it, reminding you that our next main target is located at 110.24.
Expected trading range for today is between 109.00 support and 110.30 resistance
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex
Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex Technical Analysis
Forex
The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
Forex
The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
Forex
The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...