USDJPY tests the resistance – Analysis - 21-06-2018
Economies.com
2018-06-21 03:54AM UTC
The USDJPY tests the key resistance that rises now to 110.50, and the price still confined between the trend confirmation levels represented by the mentioned resistance and 110.04 support, which keeps our neutrality valid until the price confirms breaching one of the mentioned levels.
We remind you that breaching 110.50 resistance will lead the price to achieve positive targets that reach 111.32 mainly, while breaking 110.04 will push the price to target 109.00 initially.
Expected trading range for today is between 109.50 support and 111.32 resistance,
Expected trend for today: Depends on the above mentioned levels
Forex and Currency News
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex
Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex Technical Analysis
Forex
The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...
Forex
The EURJPY tests the major support – Forecast today – 2-5-2024
2024-05-02 08:09AM UTC
Expected Scenarios The EURJPY pair activated the profit gaining process yesterday by forming ...
Forex
The GBPJPY approaches the bullish channel’s support line – Forecast today – 2-5-2024
2024-05-02 08:08AM UTC
Expected Scenarios The GBPJPY pair faced strong negative pressures yesterday that pushed it to ...