GBPJPY touches the first target – Analysis – 22-11-2016
Economies.com
2016-11-22 08:10AM UTC
The GBPJPY price keep forming strong bullish trading to reach the first target at 138.80, the continuation of stochastic attempt to provide the positive momentum that caused by its stability within the overbought level makes us keep the bullish suggestion until reaching the main resistance that located at 140.40.
We recommend monitoring the price behavior when reaching the targeted resistance, hence it forms a strong obstacle that might confine the price within the main negative range and find a strong chance to begin forming a bearish bias in the upcoming period.
Expected trading range for today is between 136.80 and 140.40
Expected trend for today: Bullish
Forex and Currency News
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex Technical Analysis
Forex
The USDCHF price touches the recent high – Forecast today - 25-04-2024
2024-04-25 04:07AM UTC
USDCHF Price Analysis The USDCHF price resumes its positive trading to test the recently ...
Forex
The NZDUSD price needs strong positive motive – Forecast today - 25-04-2024
2024-04-25 04:07AM UTC
NZDUSD Price Analysis The NZDUSD price fluctuates within sideways and tight track since ...
Forex
The AUDUSD price keeps its positive stability – Forecast today - 25-04-2024
2024-04-25 04:07AM UTC
AUDUSD Price Analysis The AUDUSD price attempted to break 0.6500$ level but it kept its ...