GBPJPY gets ready to decline – Analysis – 17-10-2016
Economies.com
2016-10-17 06:52AM UTC
The GBPJPY price begun gathering the negative momentum to notice forming a new bearish wave by stochastic, to confirm the readiness of the price to the negative attack that targets 123.15 level reaching 120.90, the stability of the resistance at 129.60 important to avoid any bullish correctional rally that might contradicts the waited negativity.
In general, we notice the stability of the price within the main bearish channel in the above image, which increase the negative pressure to wait for the price reach to the suggested targets.
Expected trading range for today is between 127.50 and 123.15
Expected trend for today: bearish
Forex and Currency News
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
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 16-05-2024
2024-05-16 09:26AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some bearish bias to head ...
Forex
The EURUSD price forecast update - 16-05-2024
2024-05-16 09:25AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price faces negative pressure now to ...
Forex
The NZDCAD regains the bullish track – Forecast today – 16-5-2024
2024-05-16 05:41AM UTC
NZDCAD Price Analysis Expected Scenario The NZDCAD price succeeded in regaining the ...