GBPJPY threatens the negative stability – Analysis – 2-6-2017

Economies.com
2017-06-02 06:57AM UTC

The GBPJPY pair faced strong positive pressure yesterday that pushed it to settle above the key resistance 143.30, threatening the previously suggested negative stability, while we notice from the above chart that the price faces the moving average 55 at 143.90, expecting to consolidate within tight range represented by the moving average 55 and 143.30 level.

 

Therefore, we recommend to stay a side until the price breaches one of the key levels followed by managing to detect the main trend for the upcoming period.

 

Expected trading range for today is between 143.30 and 144.00

 

Expected trend for today: Neutral

Forex and Currency News

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 ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 28-03-2024
2024-03-28 10:19AM UTC
EURUSD Trading Analysis The EURUSD price resumes its negative trading to approach our first ...