The USDJPY price needs the positive momentum – Forecast today - 12-04-2024
Economies.com
2024-04-12 03:31AM UTC
USDJPY Price Analysis
Expected Scenario
- The USDJPY price has been trading sideways in the previous sessions, settling above the 153.00 barrier.
- Waiting for positive momentum to push the price to resume the bullish wave, with the next target at 154.10.
- We continue to suggest the bullish trend on the intraday and short-term basis, organized inside the bullish channels visible on the chart.
- It is important to hold above 151.85 to guarantee the continuation of the suggested bullish wave.
The expected trading range for today is between 152.40 support and 154.00 resistance.
Trend Forecast
Bullish
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 ...