The USDJPY price awaits more rise – Forecast today - 17-04-2024
Economies.com
2024-04-17 03:34AM UTC
USDJPY Price Analysis
Expected Scenario
- The USDJPY price settles around 154.60 level and continues to move inside the bullish channels, supporting the chances of continuing the bullish trend in the upcoming period, with an anticipation to visit 156.00 as the next main target.
- The EMA50 keeps supporting the price from below, waiting to gather positive momentum to add more confirmation to the continuation of the expected bullish wave. Note that breaking 153.90 will put the price under intraday negative pressure to head towards testing the intraday bullish channel’s support line around 152.80 before any new attempt to rise.
Expected Trading Range
Between 153.80 support and 155.50 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 ...