The GBPJPY keeps the negativity – Analysis – 29-6-2020
Economies.com
2020-06-29 05:10AM UTC
The GBPJPY pair succeeded to crawl below 132.50 level, to increase the efficiency of the expected bearish track, noticing stochastic approach to 20 level to ease the mission of gathering the additional negative momentum to provide chances to renew the pressure on 130.65 support line.
Note that attempting to breach 133.70 barrier will postpone the negative attack to start bouncing bullishly to target 134.55 followed by 136.05 levels before recording any new negative target.
The expected trading range for today is between 133.00 and 130.80
The expected trend for today: Bearish
Forex and Currency News
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
Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex
Fed Chair: Driving down inflation towards target could take longer than expected
2024-04-16 20:10PM UTC
Fed Chair Jerome Powell said in a symposium earlier today that inflation has stiffened and held in ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-04-2024
2024-04-17 09:24AM UTC
Trend Forecast for GBPUSD Expected Scenario upon Testing the Key Resistance 1.2480$ The ...
Forex
The EURUSD price forecast update - 17-04-2024
2024-04-17 09:24AM UTC
Trend Forecast for EURUSD Expected Scenario upon Breaching 1.0645$ Level The EURUSD price ...
Forex
The GBPCHF pair hits solid resistance – Forecast today – 17-4-2024
2024-04-17 05:44AM UTC
Expected Scenarios The GBPCHF pair ended the recent bullish rally by touching 1.1475 ...