The GBPJPY keeps declining – Analysis – 20-07-2021
Economies.com
2021-07-20 04:54AM UTC
The GBPJPY pair didn’t get enough by testing the extra support at 150.40, surrendering to the main indicators negativity by surpassing this support and suffering extra losses by reaching 149.33.
In spite of the stability of the price within the bullish channel’s levels until this moment, but the negative fluctuation below 150.40 makes us prefer more of the bearish correctional attempts, attempting to reach 148.60 then testing the critical support at 147.55.
The expected trading range for today is between 150.40 and 148.60
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar under pressure ahead of Fed remarks
2024-05-20 11:53AM UTC
The dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
Forex
Euro trades at two-month highs amid positive outlook
2024-05-20 06:38AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains and ...
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 20-05-2024
2024-05-20 10:39AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price hovers near the 1.2700$ level ...
Forex
The EURUSD price forecast update - 20-05-2024
2024-05-20 10:38AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows negative trading now, in ...
Forex
The EURJPY jumps above the barrier – Forecast today – 20-5-2024
2024-05-20 05:45AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair was affected by frequent positive ...