GBPJPY awaits the positive momentum – Analysis – 28-9-2017

Economies.com
2017-09-28 07:00AM UTC

The GBPJPY pair repeated its fluctuation above 150.00 level that forms one of the support levels that agree with the bullish bias domination, and the price needs new positive momentum to ease rallying above 152.80 level and opens the way to record new positive targets by reaching 155.40 followed by 156.60.

 

We notice stochastic attempt to form new bullish wave to wait to rally above 50 level and allow the price to gain the required momentum to start recording our waited targets.

 

Expected trading range for today is between 150.00 and 152.80

 

Expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
USD/JPY news

Forex

Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
GBP/JPY news

Forex

Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...

Forex Technical Analysis

EUR USD Analysis

Forex

End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
GBP USD Analysis

Forex

The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...