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 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 GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
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 ...