GBP/JPY Weekly Technical Report 20-24/5/2013
ecPulse
2013-05-20 08:36AM UTC
The GBP/JPY touched the bearish channel's support, shown in the graph, but is steadying above it. That helps us maintain previous expectations of the uptrend, targeting 156.75. If that level is breached, the path will be cleared for the pair to head towards 158.30.
**Trend is short-term (less than 3 months)
**Chart is based on GMT +2
Notes:
- If the price reaches more than 80% of the target before triggering entry, the signal is invalid.
- Clearence is for -/+ 5-point margin.
Forex and Currency News
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The USDCHF price begins the bearish correction – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
USDCHF Price Analysis The USDCHF price broke the bullish channel’s support line clearly ...
Forex
The NZDUSD price keeps rising – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
NZDUSD Price Analysis The NZDUSD price shows a more bullish bias as it approaches our awaited ...
Forex
The AUDUSD price hits the first target – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC