GBPJPY touches the first target – Analysis – 22-11-2016
Economies.com
2016-11-22 08:10AM UTC
The GBPJPY price keep forming strong bullish trading to reach the first target at 138.80, the continuation of stochastic attempt to provide the positive momentum that caused by its stability within the overbought level makes us keep the bullish suggestion until reaching the main resistance that located at 140.40.
We recommend monitoring the price behavior when reaching the targeted resistance, hence it forms a strong obstacle that might confine the price within the main negative range and find a strong chance to begin forming a bearish bias in the upcoming period.
Expected trading range for today is between 136.80 and 140.40
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar under pressure ahead of inflation data, Powell's speech
2024-05-14 10:58AM UTC
Dollar fell in European trade on Tuesday against a basket of major rivals, on track for the second ...
Forex
Yen tumbles to two-week lows, triggering concerns of official Japanese intervention
2024-05-14 04:08AM UTC
Yen fell in Asian trade on Tuesday against a basket of major rivals, sharpening losses for the ...
Forex
Dollar moves in negative zone ahead of Fed remarks
2024-05-13 11:52AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
Update: The EURUSD breaches the resistance
2024-05-14 15:07PM UTC
The EURUSD price rallied upwards to attack 1.0795$ and close the last four hours’ candlestick ...
Forex
Zscaler price ends cautiously higher - Forecast today - 14-05-2024
2024-05-14 10:13AM UTC
Zscaler’s stock price (ZS) rose in the intraday levels, amid the dominance of the downward ...
Forex
Marvel Technology price touches SMA resistance - Forecast today - 14-05-2024
2024-05-14 10:12AM UTC
Marvel Technology’s stock price (MRVL) rose in the intraday levels, touching the resistance ...