GBP JPY hits 32.6% Fibonacci 5/3/2013
Economies.com
2013-03-05 08:40AM UTC
The pair moved quietly in its recent trading to be trading with bullish bias to achieve 141.15 which represents 23.6% Fibonacci, to confirm that it surpassed the correctional bias and begin a positive bias.
Some fluctuation is expected in today’s trading if the price settled above 140.10 to achieve 142.20 as a main target for the upcoming trading.
As for the risky trader, he can continue in the suggested positive bias that we explained in our previous report with being aware from the mentioned support.
Expected trading range is between 141.00 and 142.30
Expected trend: bullish
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 ...