USDJPY keeps achieving gains – Analysis - 24-08-2018

Economies.com
2018-08-24 04:21AM UTC

The USDJPY pair continued its bullish rally to test 111.32 level by today’s opening and settles above it now, which stops the recently suggested negative scenario and lead the price to achieve more rise in the upcoming period, turning the intraday and short term track to rise, targeting 112.00 followed by 113.38 levels as next main stations.

 

Therefore, the bullish trend will be expected in the upcoming period unless breaking 111.32 level and holding below it again.

 

Expected trading range for today is between 110.80 support and 112.30 resistance

 

Expected trend for today: Bullish

Forex and Currency News

GBP/JPY news

Forex

Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
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 ...

Forex Technical Analysis

Technical Analysis

Forex

The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...
EUR JPY Analysis

Forex

The EURJPY achieves the second target – Forecast today – 26-4-2024
2024-04-26 06:47AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair formed new bullish rally ...
GBP JPY Analysis

Forex

The GBPJPY records big gains – Forecast today – 26-4-2024
2024-04-26 06:46AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair succeeded to keep the bullish ...