The EURJPY surrenders to the support’s strength – Analysis – 14-8-2019
Economies.com
2019-08-14 09:22AM UTC
The EURJPY pair faced strong support at 117.50, to force the price to form bullish rebound and reach 118.25 as appears on the chart, while the continuous stability of the current support will increase the chances of forming new correctional bullish trades to expect targeting 119.25 followed by 121.05 levels.
Stochastic attempt to rally above 50 level supports the bullish overview by providing new positive momentum to ease the mission of reaching the mentioned correctional stations.
The expected trading range for today is between 118.00 and 120.65
The expected trend for today: Bullish
Forex and Currency News
Forex
Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...