GBPJPY leans on the moving average’s positivity – Analysis – 16-10-2018
Economies.com
2018-10-16 07:52AM UTC
The GBPJPY pair suffers some negative pressures, forcing it to form a clear negative rebound by reaching below the critical support at 146.75, but the positivity of the moving average 55 that settles currently below the main support level supports the attempt of regaining the bullish bias by its rebound to 147.75.
Therefore, we will keep the bullish suggestion unless reaching below 146.70 level again, to expect gaining the positive momentum then targeting 149.78 reaching to 150.45 level.
Expected trading range for today is between 146.75 and 149.78
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar under pressure from US yields and Japanese authorities
2024-04-29 11:17AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a ...
Forex
Euro hovers near two-week high despite bearish outlook
2024-04-29 07:40AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...
Forex
The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The GBPUSD price shows new positive trades attempting to approach the ...
Forex
The EURUSD price forecast update - 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The EURUSD price surpassed the 1.0715$ level and closed the last four ...
Forex
The GBPAUD hits the first target – Forecast today – 29-4-2024
2024-04-29 05:57AM UTC
GBPAUD Price Analysis Expected Scenario The GBPAUD price started to form new negative ...