GBPJPY keeps the positive stability – Analysis – 3-7-2018

Economies.com
2018-07-03 07:24AM UTC

The GBPJPY pair was forced to provide intraday negative rebound to settle around 145.65 level, but its consolidation within the main bullish channel and settling above 144.00 main support allows us to keep our bullish overview to renew the attempts to reach 147.20 followed by 148.50 levels.

 

We notice stochastic continuous attempts to settle within the overbought areas to increase the chances of gaining the positive momentum that agrees our main bullish overview.

 

Expected trading range for today is between 145.35 and 147.20

 

Expected trend for today: Bullish

Forex and Currency News

USD/CAD 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 ...
GBP/USD news

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 ...
USD/JPY news

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

GBP USD 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 ...
EUR USD Analysis

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, ...
Technical Analysis

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 ...