GBP/JPY Weekly Morning Technical Report 17/12/2013
ecPulse
2013-12-17 10:45AM UTC
The pair is fluctuating sideways and within a tight range since yesterday, still between the trend defining barriers at 167.45 support and 169.05 resistance. The pair must breakout from the range to confirm the next move and accordingly we will stay on the sidelines. Breaching 169.05 resistance will revive the general uptrend targeting areas from 171.00 while a breakout below 167.45 support will force the pair lower targeting areas from 165.85.
**Trading range expected today is between the key support at 166.85 and key resistance 170.00
Forex and Currency News
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex Technical Analysis
Forex
The GBPAUD prepares to decline – Forecast today – 25-4-2024
2024-04-25 05:48AM UTC
GBPAUD Price Analysis The GBPAUD price confirmed its surrender to the domination of the bearish ...
Forex
The EURJPY achieves big gains – Forecast today – 25-4-2024
2024-04-25 05:42AM UTC
EURJPY Pair Analysis The EURJPY pair succeeded to resume the bullish attack since this morning ...
Forex
The GBPJPY resumes the rise – Forecast today – 25-4-2024
2024-04-25 05:41AM UTC