The EURJPY achieves fake gains – Forecast today – 29-4-2024
Economies.com
2024-04-29 05:51AM UTC
EURJPY Price Analysis
Expected Scenario
- The EURJPY pair started today by forming unexpected strong bullish rally to surpass the previously suggested targets by recording fake gains by reaching 171.57 level, followed by activating the correctional bearish track by crawling towards 166.35 quickly.
- Despite the price consolidation within the bullish channel, the contradiction between the major indicators allows us to start neutral due to the chances of moving easily between the bullish channel’s resistance at 169.35 and 165.35 additional support, recommending to wait to end the effect of the recent economic data to manage to confirm the trend without facing any unexpected losses.
Expected Trading Range
Between 169.00 and 165.35
Trend Forecast: Neutral
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...