The GBPJPY faces strong negative pressures – Analysis – 14-11-2022
Economies.com
2022-11-14 05:24AM UTC
The GBPJPY pair suffered new negative pressures, which might push it to delay the bullish rally by its reach below the extra support near 164.50, to notice suffering extra losses by reaching 163.05.
In spite of the main stability within the bullish channel’s levels, but the continuation of facing negative pressures will increase the chances for its decline towards 162.65, to attempt to test the bullish channel’s support at 161.10.
The expected trading range for today is between 165.20 and 163.00
The expected trend for today: Bearish correctionally
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
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
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
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 ...