The GBPJPY needs new positive momentum – Analysis – 6-8-2020
Economies.com
2020-08-06 05:21AM UTC
The GBPJPY pair provided frequent sideways fluctuations by settling near 138.60, affected by stochastic attempt to exit the overbought areas, to block the previously waited bullish attack.
On the other hand, the continuous stability within the bullish channel besides 137.70 level forming additional support allow us to keep our bullish overview that targets 139.60 level initially, followed by reaching 140.85 on the medium term period.
The expected trading range for today is between 137.70 and 139.60
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar under pressure ahead of inflation data, Powell's speech
2024-05-14 10:58AM UTC
Dollar fell in European trade on Tuesday against a basket of major rivals, on track for the second ...
Forex
Yen tumbles to two-week lows, triggering concerns of official Japanese intervention
2024-05-14 04:08AM UTC
Yen fell in Asian trade on Tuesday against a basket of major rivals, sharpening losses for the ...
Forex
Dollar moves in negative zone ahead of Fed remarks
2024-05-13 11:52AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
The USDCHF price gathers new positive momentum – Forecast today - 15-05-2024
2024-05-15 03:38AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price shows some slight ...
Forex
The NZDUSD price turns to rise – Forecast today - 15-05-2024
2024-05-15 03:38AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price bounced upwards clearly after ...
Forex
The AUDUSD price builds positive technical formation – Forecast today - 15-05-2024
2024-05-15 03:38AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price keeps rising to reach ...