GBPJPY keeps the negative attempts – Analysis – 24-10-2018
Economies.com
2018-10-24 06:42AM UTC
The GBPJPY pair provided new negative close below 147.40 level, hinting keeping the previously suggested negative attempts, noticing the stability of the moving average 55 above the current price to provide the price with new negative momentum and increase the chances of declining towards the negative targets at 144.80 followed by 143.70.
Stochastic fluctuation below 50 level and approaching the oversold areas agrees the negative overview by providing additional negative momentum to assist to open the way to start recording the waited targets.
Expected trading range for today is between 146.60 and 144.80
Expected trend for today: Bearish
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 ...