GBP/JPY Weekly Technical Report 11-15/2/2013
ecPulse
2013-02-11 07:23AM UTC
GBP/JPY has entered a downside correction, compliments of breaking the bearish technical setup support shown on the graph. Still, the pair rose but limited in areas below Linear Regression Indicators. Stochastic is attempting a negative crossover. Combined, these technical factors help us believe that trading below 148.25 will maintain the bearish opportunity. Stability below 147.25 supports this outlook better.
The trading range expected for this week is between the key support at 142.60 and the key resistance at 149.60
The short-term trend is downside targeting 112.00 provided that 150.00 remains intact
Forex and Currency News
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
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex Technical Analysis
Forex
The USDCHF price touches the recent high – Forecast today - 25-04-2024
2024-04-25 04:07AM UTC
USDCHF Price Analysis The USDCHF price resumes its positive trading to test the recently ...
Forex
The NZDUSD price needs strong positive motive – Forecast today - 25-04-2024
2024-04-25 04:07AM UTC
NZDUSD Price Analysis The NZDUSD price fluctuates within sideways and tight track since ...
Forex
The AUDUSD price keeps its positive stability – Forecast today - 25-04-2024
2024-04-25 04:07AM UTC