The GBPJPY gets the negative momentum – Analysis – 8-6-2021
Economies.com
2021-06-08 05:26AM UTC
The GBPJPY pair ended its negative rally by approaching the first target at 154.40, providing some sideways fluctuation to keep its correctional bearish track that depends on the stability of the key resistance at 154.60.
Now, stochastic reach to 20 level allows us to expect gathering the additional negative momentum to manage to crawl below 154.00 and start recording the additional correctional targets that might start at 153.00 and 151.90.
The expected trading range for today is between 155.40 and 154.00
The expected trend for today: Bearish
Forex and Currency News
Forex
The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...