GBPJPY is not stable – Analysis – 29/7/2015
Economies.com
2015-07-29 07:19AM UTC
The GBPJPY pair showed some positive trading yesterday to notice its stability above 192.10 level, surpassing the moving average 55, but we should note that the price formed new resistance level at 193.75 as appears on chart, which pushes negatively on the price to keep waiting to breach one of the key levels represented by 193.75 resistance and 192.10 support to be able to confirm the next trend.
Stochastic contradicts the moving average positivity by leaving the oversold areas, to support fluctuating in sideways range now, and we need to monitor the price behavior to avoid any change at the trend.
Expected trading range for today is between 193.75 and 192.10
Expected trend for today: Sideways
Forex and Currency News
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...