USDJPY tests the support – Analysis - 13-09-2018
Economies.com
2018-09-13 03:52AM UTC
The USDJPY pair bounced bearishly yesterday to start testing the key support 111.16, and as we mentioned in our last report, breaking this level is required to confirm extending the bearish wave towards our next target at 109.90.
Until now, the bearish trend scenario still active, depending on the price stability below 111.65 resistance, noting that stochastic current positivity might cause some sideways fluctuation and new test to the mentioned resistance before resuming the bearish bias again.
Expected trading range for today is between 110.50 support and 112.00 resistance
Expected trend for today: Bearish
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 GBPUSD forecast update 01-05-2024
2024-05-01 10:07AM UTC
GBPUSD Price Analysis: Expected Scenarios The GBPUSD price attempted to break 1.2480$ level but it ...
Forex
The EURUSD price forecast update - 01-05-2024
2024-05-01 10:07AM UTC
EURUSD Price Analysis: Expected Scenarios The EURUSD price shows some slight bullish bias now, ...
Forex
The GBPCHF provides positive signal – Forecast today – 1-5-2024
2024-05-01 05:33AM UTC
Scenarios and Trading Range Expected Scenarios GBPCHF price provided positive signals by ...