GBPJPY begins to rise – Analysis – 12-12-2016
Economies.com
2016-12-12 07:35AM UTC
The GBPJPY pair ended its sideways fluctuation recently by providing positive close above 143.00 level, confirming its affection by the bullish bias domination, while we notice the beginning of forming bullish waves by reaching 145.50, to keep our bullish overview that targets 146.60 followed by waiting to touch 148.25.
Stochastic rally towards the overbought areas agrees the bullish overview, to provide the price with strong positive momentum that confirms moving towards the waited targets.
Expected trading range for today is between 144.10 and 146.60
Expected trend for today: Bullish
Forex and Currency News
Forex
Loonie edges up after monthly employment data
2024-05-10 15:49PM UTC
The Canadian dollar rose against most major rivals following monthly jobs data which revealed solid ...
Forex
Sterling moves in a positive zone after hot growth data
2024-05-10 08:26AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Yen heads for weekly loss as intervention momentum from Japanese authorities fade
2024-05-10 04:51AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, resuming losses against the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The GBPUSD price shows slight positive trades. It might head ...
Forex
The EURUSD price forecast update - 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The EURUSD price fluctuates within tight range since morning, ...
Forex
The NZDCAD tests the resistance – Forecast today – 10-5-2024
2024-05-10 07:11AM UTC
NZDCAD Price Analysis 1. Expected Scenario NZDCAD price faces strong positive pressures ...