GBPJPY seeks new momentum – Analysis – 25-8-2017
Economies.com
2017-08-25 08:39AM UTC
The GBPJPY pair returned to fluctuate around 140.30 level, affected by stochastic forming intraday positive wave to block the expected negative release, while in general, the price consolidation below the initial resistance at 141.20 besides the stability of the moving average 55 around the main resistance at 143.30 confirms the continuation of the negativity for the upcoming period, expecting to gather new negative momentum to reach the main targets that start at 138.50.
Expected trading range for today is between 141.20 and 138.50
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 ...