The GBPJPY attacks the resistance – Analysis – 28-5-2021
Economies.com
2021-05-28 06:59AM UTC
The GBPJPY pair faced strong positive pressures, which pushed it to form bullish attack and press on the bullish channel’s resistance at 156.05, while the upcoming scenario depends on the strength of this resistance, to expect renewing the correctional bearish attempts that might target 153.00 initially.
On the other hand, succeeding to surpass the current resistance and holding above it will confirm moving to new bullish track, to start targeting many positive levels by reaching 156.70 and 157.60 levels.
The expected trading range for today is between 155.00 and 156.60
The expected trend for today: Bullish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
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 Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...