USDJPY under the negative pressure – Analysis - 24-10-2017
Economies.com
2017-10-24 03:36AM UTC
The USDJPY pair provided clear negative trading yesterday to move below 113.44, as it shows some bearish correction for the last rise that started from 111.65 areas, noticing that stochastic reaches the oversold areas, while the EMA50 provides continuous positive support to the price, to protect trading inside the bullish channel that appears on chart.
Therefore, we will continue to suggest the overall bullish trend, which depends on holding above 112.55, noting that our waited targets begin at 114.30 and extend to 115.50.
Expected trading range for today is between 112.80 support and 114.30 resistance.
Expected trend for today: Overall Bullish
Forex and Currency News
Forex
Dollar under pressure ahead of Fed remarks
2024-05-20 11:53AM UTC
The dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
Forex
Euro trades at two-month highs amid positive outlook
2024-05-20 06:38AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains and ...
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 20-05-2024
2024-05-20 10:39AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price hovers near the 1.2700$ level ...
Forex
The EURUSD price forecast update - 20-05-2024
2024-05-20 10:38AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows negative trading now, in ...
Forex
The EURJPY jumps above the barrier – Forecast today – 20-5-2024
2024-05-20 05:45AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair was affected by frequent positive ...