The USDJPY reaches the first target – Analysis - 13-09-2019

Economies.com
2019-09-13 05:00AM UTC

The USDJPY pair succeeded to reach our first waited target at 108.30, showing some slight bearish bias affected by stochastic negativity, but it gets continuous positive support by the EMA50, to support the chances of breaching the mentioned level and open the way to visit 109.30 as a next station.

 

Therefore, we will continue to suggest the bullish trend in the upcoming sessions, noting that breaking 107.70 might push the price to retest 106.70 areas before any new attempt to rise.

 

The expected trading range for today is between 107.70 support and 109.00 resistance

 

The expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
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 ...

Forex Technical Analysis

EUR USD Analysis

Forex

End of day EURUSD price forecast update - 28-03-2024
2024-03-28 17:42PM UTC
The EURUSD price provided additional negative trades to reach the thresholds of the first waited ...
NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...