GBPJPY attacks the resistance – Analysis – 30/7/2015
Economies.com
2015-07-30 07:19AM UTC
The GBPJPY pair rallied towards the initial resistance at 193.75 yesterday, attempting to regain the bullish bias, but closing below the mentioned level makes us stay aside for today until confirming the next trend and monitor the price to avoid any attempt to trade in sideways range.
We notice that the price still settled within the major bullish channel, to expect rallying towards the main resistance at 196.40 in case the initial resistance was breached, while the sideways fluctuation might force the price to decline towards 192.10 level to keep the price settled within the sideways level for now.
Expected trading range for today is between 193.75 and 192.10
Expected trend for today: Neutral
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 EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...
Forex
The EURJPY achieves the second target – Forecast today – 26-4-2024
2024-04-26 06:47AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair formed new bullish rally ...
Forex
The GBPJPY records big gains – Forecast today – 26-4-2024
2024-04-26 06:46AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair succeeded to keep the bullish ...