The EURJPY keeps rising – Analysis – 28-11-2019

Economies.com
2019-11-28 08:45AM UTC

The EURJPY pair remains under the effect of the suggested temporary bullish track, affected by the moving average 55 positivity by forming an extra support at 119.90, the price approach from the target at 120.70 makes us wait for waiting the next four hours close, to detect the expected targets in the upcoming period.

 

While the price success to surpass the bearish channel’s resistance, so that will confirm resuming the fluctuation within the minor bullish channel that appears in the above image, to expect targeting 121.30 level reaching 38.2% Fibonacci correction level at 122.43.

 

The expected trading range for today is between 120.25 and 121.30

 

The expected trend for today: Bullish

Forex and Currency News

EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...
USD/JPY news

Forex

Japan sends the stronger warning after yen crashes to 34-year nadir
2024-03-27 08:50AM UTC
Yen tumbled in European trade on Wednesday against a basket of major rivals, sharpening losses for ...

Forex Technical Analysis

EUR GBP Analysis

Forex

The EURGBP settles below the resistance – Forecast today – 28-3-2024
2024-03-28 05:37AM UTC
EURGBP Pair Analysis and Forecast Expected Scenarios New negative close below the bearish ...
EUR JPY Analysis

Forex

The EURJPY leans above the major support – Forecast today – 28-3-2024
2024-03-28 05:35AM UTC
EURJPY Pair Analysis and Forecast Expected Scenarios Stability above the bullish ...
GBP JPY Analysis

Forex

The GBPJPY repeats the negative closings – Forecast today – 28-3-2024
2024-03-28 05:35AM UTC
GBPJPY Pair Analysis and Forecast Expected Scenarios Weak trades yesterday with fluctuation ...