The GBPJPY fluctuates within the bullish track – Forecast today – 12-4-2024
Economies.com
2024-04-12 07:23AM UTC
GBPJPY Pair Analysis
Expected Scenario
- The GBPJPY pair has been trading sideways, settling near the 192.00 level.
- Holding above the minor bullish channel’s support line at 191.15 could confirm a bullish scenario targeting 192.55 and 192.85 levels.
Expected Outcome
A decline below the support and a negative close could indicate a move towards the bearish track, with potential losses starting at 190.35 and 189.10.
Expected Trading Range
Between 191.50 support and 192.85 resistance.
Trend Forecast: Bullish
Forex and Currency News
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
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex Technical Analysis
Forex
The USDCHF price consolidates above the support – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for USDCHF Expected Scenario The USDCHF price couldn’t manage to ...
Forex
The NZDUSD price needs the positive momentum – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for NZDUSD Expected Scenario The NZDUSD price shows sideways trades in the ...
Forex
The AUDUSD price heads towards resting the neckline – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for AUDUSD Expected Scenario The AUDUSD price faces temporary negative ...