GBP JPY attempts to breach the channel 19/11/2012
Economies.com
2012-11-19 08:22AM UTC
The pair stabilized in Fridays’ trading around the breached channel level at 129.20 attempting to breach this level to witness a bullish trend again within the bullish channel reaching to 130.70
129.60 is considered as a resistance that might be a barrier against the pair return inside the channel as interpreted in the chart, therefore, we must be aware that the bullish bias still continuing but if the price failed in breaching the mentioned level there will be a potential correction.
Stochastic settled inside the overbought level which supports the bullish bias until now.
Expected trading range for today is between: 128.80 and 130.50
Expected trend for today: Bullish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...