Update USDJPY on the last day of the transactionHello traders!
Yesterday, there was a moment when USDJPY almost reached the 150.000 level, but luck has yet to smile upon this currency pair. Nevertheless, we can see that despite not being able to achieve the 150.000 target this week, UJ has maintained a good price increase and stable trading at high levels.
At the time of writing, USDJPY is operating at 149.868 and has increased by 0.06% for the day. Nolan still believes that the 150.000 target is the perfect goal for UJ at this time. Expanding the upward movement beyond that level would not be an impossible task.
Nolan
EURUSD:not enough motivation to increase again!Hello Traders!
Today, the EUR/USD pair continues to struggle to find any significant upward momentum and remains within a narrow range below the 1.0500 level throughout the trading session. The fundamental backdrop seems to favor a bearish bias as the USD remains strong.
With the narrowing price range on the chart analysis and continued support from the EMA and RSI indicators, the downtrend is expected to continue. We anticipate a price range between 1.0572 and 1.0400 for further downward movements.
Gold price today (October 16)Hello Traders!
Last week, we witnessed a fantastic performance by gold as it surged to a remarkable high of $1932 and broke out of its downward channel.
Today, at the start of the precious metals trading session, there is a slight dip as prices test the breakout level, currently trading around $1919 - $1920. However, the current environment and global situation continue to support an upward movement in gold, so it is highly likely that we will soon see new higher price levels in the near future.