The USDJPY price awaits the breach – Forecast today - 05-04-2024
Economies.com
2024-04-05 01:34AM UTC
USDJPY Price Analysis
Expected Scenario
- The USDJPY price ended yesterday with clear negativity, breaking the ascending triangle’s support line and settling below it.
- This suggests expected negative pressure in the upcoming sessions, with the price likely to test 150.55 as the next negative target.
- The bearish bias will be suggested for today, supported by moving below the EMA50.
- Breaching 151.40 followed by 151.80 will stop the current negative pressure and lead the price to resume the main bullish track again.
Expected Trading Range
- Between 150.40 support and 151.90 resistance.
Trend Forecast: Bearish
Forex and Currency News
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
Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
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 Technical Analysis
Forex
The GBPUSD forecast update 01-05-2024
2024-05-01 10:07AM UTC
GBPUSD Price Analysis: Expected Scenarios The GBPUSD price attempted to break 1.2480$ level but it ...
Forex
The EURUSD price forecast update - 01-05-2024
2024-05-01 10:07AM UTC
EURUSD Price Analysis: Expected Scenarios The EURUSD price shows some slight bullish bias now, ...
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 ...