GBPJPY settles without any news – Analysis – 20-10-2016
Economies.com
2016-10-20 07:15AM UTC
No news for the pair due to forming repeated sideways trading until this moment, in spite of its stability below the resistance at 129.60, therefore, we will keep waiting for gathering the negative momentum again, which assist to begin the negative attack then hitting the targets at 124.60 and 120.90.
The moving average 55 keeps forming a negative decline to reinforce the negative pressures on the upcoming trading, to confirm the price stability within the main channel levels that appear in the above image.
Expected trading range for today is between 129.60 and 124.60.
Expected trend for today: bearish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...