GBPJPY declines towards the first target – Analysis – 9-11-2016
Economies.com
2016-11-09 09:32AM UTC
The GBPJPY pair confirmed the affection of the bearish bias domination by getting frequent closes below 130.00 resistance, noticing reaching the first target at 126.70, which confirms the continuation of the negativity, waiting to reach new negative targets by reaching 124.80 followed by attempting to touch the main target around 120.90.
Stochastic decline from the overbought areas and settling below 50 level increases the negative pressure and provide the required negative momentum to achieve our targets.
Expected trading range for today is between 128.60 and 124.80
Expected trend for today: Bearish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
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 Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...