The USDJPY retests – Analysis - 09-09-2019
Economies.com
2019-09-09 04:42AM UTC
The USDJPY pair retests the breached neckline of the double bottom pattern that appear on the chart, keeping its stability above it until now, noticing that stochastic provides positive overlapping signal now, while the EMA50 supports the price from below.
Therefore, these factors encourage us to keep our bullish overview in the upcoming period, which its next targets located at 108.30 followed by 109.30, while achieving them requires holding above 106.70.
s
The expected trading range for today is between 106.20 support and 107.70 resistance
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The EURUSD price forecast update - 02-05-2024
2024-05-02 09:05AM UTC
EURUSD Trading Report The EURUSD price continues to fluctuate around 1.0715$ level, and we still ...
Forex
The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...
Forex
The EURJPY tests the major support – Forecast today – 2-5-2024
2024-05-02 08:09AM UTC
Expected Scenarios The EURJPY pair activated the profit gaining process yesterday by forming ...