The GBPJPY declined strongly– Analysis – 29-7-2022
Economies.com
2022-07-29 07:19AM UTC
The GBPJPY pair interactive with the repeated negative pressures, to keep its negative stability below the barrier at 165.30, to notice forming a strong decline today, suffering big losses by its reach to 38.2% Fibonacci that is located near 162.00.
Facing the moving average 55 currently might force the price to form temporary sideways fluctuation, to keep waiting for breaking this barrier, which might assist to resume the decline and reach 161.35 and 160.70 soon.
The expected trading range for today is between 163.85 and 161.35
The expected trend for today: Bearish
Forex and Currency News
Forex
Aussie parks at two month highs even as Australian wages slow down
2024-05-15 04:23AM UTC
The Australian dollar rose in European trade on Wednesday against a basket of major rivals, ...
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 Technical Analysis
Forex
The EURGBP leans above the moving average – Forecast today – 15-5-2024
2024-05-15 05:36AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP price ended the recent trades ...
Forex
The EURJPY lacks the positive momentum – Forecast today – 15-5-2024
2024-05-15 05:33AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair ended the recent positive rally ...
Forex
The GBPJPY fluctuates below the barrier – Forecast today – 15-5-2024
2024-05-15 05:32AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair touched 197.10 target yesterday, ...