USDJPY tests the support – Analysis - 04-05-2018
Economies.com
2018-05-04 03:32AM UTC
The USDJPY pair traded with clear negativity yesterday to test the key support 109.00, and as we mentioned in our recent reports, holding above this level is important to continue the bullish trend, as breaking it will push the price to target 108.45 followed by 107.98 levels initially.
The targets of the expected bullish wave begin at 110.04 and extend to 111.31 after breaching the previous level.
Expected trading range for today is between 108.40 support and 110.00 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Loonie edges up after monthly employment data
2024-05-10 15:49PM UTC
The Canadian dollar rose against most major rivals following monthly jobs data which revealed solid ...
Forex
Sterling moves in a positive zone after hot growth data
2024-05-10 08:26AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Yen heads for weekly loss as intervention momentum from Japanese authorities fade
2024-05-10 04:51AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, resuming losses against the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The GBPUSD price shows slight positive trades. It might head ...
Forex
The EURUSD price forecast update - 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The EURUSD price fluctuates within tight range since morning, ...
Forex
The NZDCAD tests the resistance – Forecast today – 10-5-2024
2024-05-10 07:11AM UTC
NZDCAD Price Analysis 1. Expected Scenario NZDCAD price faces strong positive pressures ...