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GBP/JPY repeats its negative wavering - Analysis - 25-08-2023

Economies.com
2023-08-25 09:14AM UTC

The pair is still impacted by the downward correctional trend as previously expected, while forming a new downward wave in an attempt to renew the pressure on the additional support of 183.50.

 

As the Stochastic indicator approaches 20, the pair will gather more negative momentum to help it pierce the current support and reach 182.75 and then 181.85. 

 

Expected trading range for today is between 184.45 and 182.80. 

 

Expected trend for today: Bearish

EUR/JPY holds ground about the support - Analysis - 25-08-2023

Economies.com
2023-08-25 09:14AM UTC

The pair held its ground firmly above the additional support of 157.00, carrying out some sideways trading as the Stochastic indicator attempts to heap more negative pressure, however the pair is still clinging to the ascending channel. 

 

The pair could carry on its sideways trading until it gathers enough positive momentum to target 158.10, then 159.20.

 

Expected trading range for today is between 157.30 and 159.20. 

 

Expected trend for today: Bullish as the support holds on

 

 

Sugar price breaches the resistance – Analysis - 24-08-2023

Economies.com
2023-08-25 04:02AM UTC

Sugar price rallied upwards strongly to breach 24.30 and close the daily candlestick above it, to head toward achieving more expected gains in the upcoming sessions, paving the way to visit 25.25 areas as a next main station.

 

Therefore, the bullish bias will be suggested for today unless breaking 24.30 and holding below it again.

 

The expected trading range for today is between 23.60 support and 24.40 resistance

 

The expected trend for today: Bullish

The USDCHF achieves strong gains – Analysis - 25-08-2023

Economies.com
2023-08-25 04:01AM UTC

The USDCHF pair rallied upwards strongly to breach 0.8825 and settle above it, opening the way to achieve additional gains in the upcoming sessions, as it returns to the bullish channel that appears on the chart, and the way is open to test 0.8890 initially, noting that breaching this level will push the price to 0.8950 as a next main station.

 

Therefore, the bullish bias will be suggested for today unless breaking 0.8825 and holding below it.

 

The expected trading range for today is between 0.8800 support and 0.8950 resistance.

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of GBP/JPY today?

The price of GBP/JPY is $199.4190 (2025-07-16 06:25AM UTC)