GBP JPY continues in tight sideways trading 21/5/2013
Economies.com
2013-05-21 08:17AM UTC
The pair’s trading in its tight range between the initial support level 155.75 and the resistance 156.60 which represents an obstacle against achieving the top level for the bullish channel at 157.45, in case breaking below the initial support will be the initial target towards 154.1 followed by 152.75
Thus we recommend monitoring the trading until breaching one of the mentioned levels to reach the previously suggested targets.
Expected trading range is between 157.40 and 154.10
Expected trend: neutral until breaching the mentioned levels in the report
Forex and Currency News
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
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 Technical Analysis
Forex
Update: Weak trades, waiting the US economic data
2024-05-03 08:20AM UTC
The major currencies’ pairs and commodities show weak and tight trades since morning, waiting ...
Forex
The EURJPY threats the support – Forecast today – 3-5-2024
2024-05-03 07:07AM UTC
Scenarios Scenario 1: Potential for Positive Momentum EURJPY pair unable to shake off negative ...
Forex
The GBPJPY fluctuates near the support – Forecast today – 3-5-2024
2024-05-03 07:06AM UTC
Scenarios Scenario 1: Activation of Bullish Momentum GBPJPY pair forms new negative waves, ...