GBPJPY is slow – Analysis – 5-10-2018
Economies.com
2018-10-05 08:50AM UTC
The GBPJPY pair continued to provide slow trades despites having factors that agree the positive stability, as the stability of 147.20 support line, besides the consolidation of the moving average 55 below the current price.
The intraday sideways trading might be caused by the contradiction of stochastic that fluctuates below 50, thus, the price needs to get new positive momentum to assist to renew the bullish attempts that will push to surpass 149.00 level and manage to touch 38.2% Fibonacci correction level that forms the next target at 149.65.
Expected trading range for today is between 147.70 and 149.00
Expected trend for today: Bullish
Forex and Currency News
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex
Dollar moves in a positive zone as US treasury yields gian ground
2024-04-22 11:41AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the ...
Forex Technical Analysis
Forex
The NZDUSD price attempts positively – Forecast today - 24-04-2024
2024-04-24 03:58AM UTC
NZDUSD Price Expected Scenario The NZDUSD price shows calm bullish bias to move away ...
Forex
The AUDUSD price hits the target – Forecast today - 24-04-2024
2024-04-24 03:58AM UTC
AUDUSD Price Expected Scenario The AUDUSD price managed to achieve our waited target at ...
Forex
The USDCAD price hits the first target – Forecast today - 24-04-2024
2024-04-24 03:55AM UTC
USDCAD Price Analysis USDCAD Scenario: The USDCAD price succeeded to touch our first waited ...