GBP/JPY Weekly Technical Report 16-20/9/2013
ecPulse
2013-09-16 07:28AM UTC
The GBP/JPY pair is stuck in zones between 156.70 and the bullish channel's resistance at 158.05, and we're expecting the latter to be breached in order to confirm the continuation of the bullish trend. In general, the Moving Average 50 is keeping the potential uptrend valid so far. Expected targets begin at 159.00 and extend toward 161.75, and confirming them requires the price to stabilize above 156.70.
**Trading range expected this week is between the main support at 156.00 and the main resistance 161.00
**Short-term trend is to the upside, targeting 163.00 if 147.65 remains intact
Forex and Currency News
Forex
Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC