The USDJPY continues to decline – Analysis - 21-09-2020
Economies.com
2020-09-21 03:55AM UTC
The USDJPY pair keeps crawling downwards to reach the thresholds of 104.00 barrier, which supports the continuation of our bearish overview on the intraday and short term basis, supported by the negative pressure that the EMA50 continues to provide, reminding you that our next main target reaches 103.65.
Breaking 104.20 will ease the mission of achieving the mentioned target, while the continuation of the expected bearish trend requires holding below 105.20.
The expected trading range for today is between 103.50 support and 105.00 resistance
The expected trend for today: Bearish
Forex and Currency News
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
Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex Technical Analysis
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 ...
Forex
The EURJPY faces the negative pressures – Forecast today – 19-4-2024
2024-04-19 08:16AM UTC
EURJPY Pair Analysis Expected Scenario Despite strong negative pressures this morning due ...
Forex
The GBPJPY holds above the support – Forecast today – 19-4-2024
2024-04-19 08:15AM UTC
GBPJPY Pair Analysis Expected Scenario The GBPJPY pair experienced sudden negative ...