The GBPJPY fails to break – Forecast today – 4-4-2024
Economies.com
2024-04-04 05:58AM UTC
Trading Analysis: GBPJPY Pair
The GBPJPY pair failed to break the 190.15 support line, forming a solid obstacle against the attempt to resume the correctional decline. Instead, it rallied bullishly to surpass the first barrier at 190.80 and started achieving some gains by reaching 192.00.
Additionally, stochastic begins to provide positive momentum to assist in canceling the negative overview and provide the chances to target more positive stations. There is an expectation to move towards the 192.55 level soon, while surpassing it will press on the recently recorded high at 193.50.
The expected trading range for today is between 191.30 and 192.55
Trend Forecast
Bullish
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