GBPJPY repeats the negative closings – Analysis – 19-3-2018

Economies.com
2018-03-19 07:44AM UTC

The GBPJPY pair keeps fluctuating negatively below the resistance at 148.50, showing its surrender to the bearish correctional bias in the near and medium period trading, we expect providing extra negative pressure on 146.65 level, and breaking this level will extend the losses to reach the critical support at 145.25.

 

Stochastic fluctuate below 50 level provides new negative momentum, confirming its readiness to resume the bearish attack, and the moving average stability above the current trading confirms the price confinement within the bearish correctional range, to increase the chances for reaching the suggested targets.

 

Expected trading range for today is between 147.80 and 145.25

 

Expected trend for today: Bearish

 

 

 

Forex and Currency News

Forex News

Forex

Dollar hovers near six-week high ahead of consumer spending data, Powell's remarks
2024-03-29 11:28AM UTC
Dollar Strengthens Amid Declining Rate Cut Odds The dollar rose in European trade on Friday ...
EUR/USD news

Forex

Euro declines to five-week trough amid thin trading
2024-03-29 08:19AM UTC
Euro Decline Amid Holiday Thin Trading Euro declined in European trade on Friday against a basket ...
Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...

Forex Technical Analysis

Technical Analysis

Forex

The NZDCAD moves to the bearish track – Forecast today – 29-3-2024
2024-03-29 06:18AM UTC
NZDCAD Pair Forecast for Today - 29-3-2024 The NZDCAD pair surrendered to the negative ...
EUR JPY Analysis

Forex

The EURJPY declines below the support – Forecast today – 29-3-2024
2024-03-29 06:13AM UTC
EURJPY Pair Forecast for Today - 29-3-2024 The EURJPY pair surrendered to the negative ...
GBP JPY Analysis

Forex

The GBPJPY has to decline – Forecast today – 29-3-2024
2024-03-29 06:12AM UTC
GBPJPY Pair Forecast for Today - 29-3-2024 The GBPJPY pair still confined with many negative ...