The GBPJPY has to decline – Forecast today – 29-3-2024

Economies.com
2024-03-29 06:12AM UTC

GBPJPY Pair Forecast for Today - 29-3-2024

The GBPJPY pair still confined with many negative factors by leaning below 192.40 barrier frequently, in addition to stochastic negative momentum signals.

These factors confirm the preparation to form strong bearish waves now, to keep waiting to target the additional support soon at 190.15, while breaking it will open the way to resume the decline, waiting to touch 189.55 level followed by reaching the next negative target 189.05.

Expected Trading Range for Today:

  • Between 191.55 and 190.15

Trend Forecast:

Bearish

Forex and Currency News

USD/JPY news

Forex

Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex News

Forex

Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
AUD/USD news

Forex

Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price gets a positive motive – Forecast today - 09-05-2024
2024-05-09 03:41AM UTC
USDCHF Price Analysis Forecasts and Analysis The USDCHF price settles around the 0.9085 ...
NZD USD Analysis

Forex

The NZDUSD price awaits additional break – Forecast today - 09-05-2024
2024-05-09 03:41AM UTC
NZDUSD Price Analysis Forecasts and Analysis The NZDUSD price fluctuates around the ...
AUD USD Analysis

Forex

The AUDUSD price faces solid support – Forecast today - 09-05-2024
2024-05-09 03:41AM UTC
AUDUSD Price Analysis Forecasts and Analysis The AUDUSD price finds solid support around ...