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
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...
Forex
The EURJPY hovers around the barrier – Forecast today – 17-5-2024
2024-05-17 07:10AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair took advantage of stochastic ...
Forex
The GBPJPY renews the positive action – Forecast today – 17-5-2024
2024-05-17 07:09AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair overcame temporary negative ...