USDJPY returns to the channel – Analysis - 30-10-2018
Economies.com
2018-10-30 04:13AM UTC
The USDJPY pair showed mixed trades in the previous sessions to rebound upwards strongly and returns to trade inside the bullish channel that appears on the chart, which reactivates the main bullish trend scenario, targeting 112.95 followed by 113.56 levels initially.
Therefore, we expect the continuation of the bullish trend in the upcoming sessions unless breaking 111.97 level and holding below it again.
Expected trading range for today is between 112.00 support and 113.56 resistance
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...