USD JPY prints second top 04/12/2012
Economies.com
2012-12-04 05:46AM UTC
The pair is trading negatively after founding a solid resistance near 82.80, where the signs of forming a potential double top pattern on the daily time frame are shown, the neckline for this pattern is located at 81.70, and breaking below it will push the price to retest the major level for the short term trend at 80.60.
Therefore, we prefer staying aside now in order to monitor the price behavior according to the critical levels between 81.70 support and 82.80 resistance
Expected trading range for today is between: 81.00 support and 83.50 resistance.
Expected trend for today: Neutral
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 GBPUSD forecast update 02-05-2024
2024-05-02 09:06AM UTC
GBPUSD Trading Report The GBPUSD price shows weak trades since morning, settling above 1.2500$ ...
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% ...