USDJPY tests the support – Analysis - 29-11-2018
Economies.com
2018-11-29 05:30AM UTC
The USDJPY pair bounced bearishly yesterday after touching 114.00 barrier, to test the bullish channel’s support line again, met by the EMA50 to add more strength to it, accompanied by stochastic reach to the oversold areas.
Therefore, these factors encourage us to keep our bullish overview in the upcoming period conditioned by the price stability above 113.30 and the most important above 112.96, reminding you that our next main target is located at 114.55.
Expected trading range for today is between 112.70 support and 114.10 resistance
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex Technical Analysis
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...
Forex
The USDCHF price hits the target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
USDCHF Price Analysis Expected Scenarios The USDCHF price managed to achieve our waited ...