The EURJPY seeks an escape – Forecast today – 18-4-2024
Economies.com
2024-04-18 05:34AM UTC
EURJPY Pair Price Analysis
Expected Scenario
- The EURJPY pair formed more bullish waves yesterday, pressing on the 164.80 obstacle.
- Stochastic reaching overbought areas confirms the importance of breaching the current obstacle.
Expected Outcome
The EURJPY pair formed more bullish waves yesterday, pressing on 164.80 obstacle that formed the first target mentioned in our previous report.
Stochastic reaching to the overbought areas confirms the importance of waiting to breach the current obstacle and ease the mission to achieve new gains that might extend towards 165.30 and 165.65.
Expected Trading Range
Between 164.50 and 165.30.
Trend Forecast: Bullish
Forex and Currency News
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex
Euro under pressure ahead of European inflation data
2024-04-30 07:41AM UTC
Euro declined in European trade on Tuesday against a basket of major rivals, backing away from ...
Forex
Dollar loses ground as markets focus on corporate earnings
2024-04-29 18:46PM UTC
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the ...
Forex Technical Analysis
Forex
The GBPCHF provides positive signal – Forecast today – 1-5-2024
2024-05-01 05:33AM UTC
Scenarios and Trading Range Expected Scenarios GBPCHF price provided positive signals by ...
Forex
The EURJPY achieves the first target – Forecast today – 1-5-2024
2024-05-01 05:26AM UTC
Scenarios and Trading Range Expected Scenarios EURJPY pair took advantage of frequent ...
Forex
The GBPJPY keeps the positivity – Forecast today – 1-5-2024
2024-05-01 05:25AM UTC
Scenarios and Trading Range Expected Scenarios GBPJPY pair confirmed keeping the bullish ...