The GBPJPY exits the bullish track – Analysis – 29-11-2021
Economies.com
2021-11-29 07:42AM UTC
The GBPJPY pair continued to form negative trades recently, to notice breaking the bullish channel’s support line at 152.10 and confirm moving to the bearish track to record 150.70 level.
These factors confirm the continuation of the negativity, in addition to stochastic negative momentum signals, thus, we will keep suggesting the negative trades that might target 149.75 followed by 147.70 levels.
The expected trading range for today is between 152.25 and 150.00
The expected trend for today: Bearish
Forex and Currency News
Forex
Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex
Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex Technical Analysis
Forex
The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
Forex
The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
Forex
The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...