GBP/JPY Weekly Technical Report 19-23/11/2012
ecPulse
2012-11-19 07:16AM UTC
The pair made a second upside attempt to touch the 129.05 level, and the upside wave continues to take advantage of the bullish Harmonic Bat Pattern, in line with stability above Linear Regression Indicators. Our positive expectations remain valid as far as 126.85 remains intact, and 127.80 level holds for today.
The trading range expected is between the key support at 126.85 and the key resistance at 130.35 .
The short-term trend is to the downside targeting 112.00 as far as 150.00 remains intact.
Weekly Report
Support 128.40 127.80 127.35 126.85 126.15
Resistance 129.05 129.75 130.00 130.35 130.80
Recommendation Our previous expectation is activated and remains intact.
Forex and Currency News
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
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 Technical Analysis
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...
Forex
The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC