The GBPJPY gains the positive momentum – Analysis – 5-7-2022
Economies.com
2022-07-05 05:25AM UTC
The GBPJPY pair succeeded to gather the positive momentum yesterday, to decrease the chances of suffering additional losses by rallying above 164.60 level, while the price needs to get daily close above the breached barrier to manage to start achieving gains by rallying towards 166.30 followed by 168.70 levels.
On the other hand, crawling below 164.60 will force the price to postpone the bullish attack, to start providing correctional negative trades that might force it to decline towards 163.30 followed by reaching the moving average 55 at 161.00.
The expected trading range for today is between 164.30 and 166.30
The expected trend for today: Bullish
Forex and Currency News
Forex
Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...