
Upside risks dominated the common European currency against the against the Japanese Yen on Thursday. The exchange rate rose by about 100 base points during Thursday’s trading session.
The currency pair is currently trading near a resistance level formed by the monthly R3 at 127.25. If this resistance line holds, a pullback towards the 126.60 mark could be expected within this session.
On the other hand, if the currency exchange rate passes the monthly R3 at 127.25, the next target for bullish traders will be a December 2018 high level at 129.00.
– advertisement –
Written by Admin
Product categories
Finance news
![]() Baidu’s robotaxis don’t need any human staff in these parts of ChinaChinese tech company Baidu announced Monday it can sell some robotaxi rides without any human ... Read More Fed Governor Bowman sees ‘similarly sized’ rate hikes ahead after three-quarter point movesFederal Reserve Governor Michelle Bowman said Saturday she supports the central bank's recent big rate ... Read More Danger ahead: The U.S. economy has yet to face its biggest recession challengeYou'd be hard-pressed now to find a recession in the rearview mirror. What's down the ... Read More |
Product tags
automated trading best forex ea best forex robot EA for Mt4 Forex advisor ADX indicator forex advisor CCI forex EA free forex expert advisor forex robot 2021 forex robot free download forex scalper robot forex software free EA Keltner channel autotrading forex robot moving average robot mq4 file mq4 trading robot scalping bot forex