USDJPY resumes the decline – Analysis - 06-12-2018
Economies.com
2018-12-06 05:11AM UTC
The USDJPY pair provided positive attempt yesterday but it faced solid resistance formed by the EMA50, to rebound bearishly and resume the expected bearish trend on the intraday basis, approaching our first negative target at 112.46, noting that breaking this level will push the price to 111.97 direct.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions, motivated by the negative signal provided now by stochastic, reminding you that it is important to hold below 113.56 to continue the expected decline.
Expected trading range for today is between 112.00 support and 113.20 resistance
Expected trend for today: Bearish
Forex and Currency 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
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex Technical Analysis
Forex
The EURUSD price forecast update - 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios The EURUSD price begins to rebound bearishly after testing ...
Forex
The CADJPY settles within the bullish track – Forecast today – 24-4-2024
2024-04-24 05:44AM UTC
CADJPY Price Analysis Expected Scenario The CADJPY price kept its consolidation within ...
Forex
The EURJPY surpasses the resistance – Forecast today – 24-4-2024
2024-04-24 05:38AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair didn’t get enough of ...