The GBPJPY prepares to rise – Forecast today – 21-3-2024
Economies.com
2024-03-21 05:54AM UTC
The GBPJPY pair confirmed its preparation to resume the bullish attack by providing new close above 192.00 level that forms the neckline of the inverted head and shoulders’ pattern as appears on the chart, expecting to start gathering the additional positive momentum to ease the mission of recording big gains by targeting 193.80 level first, followed by reaching the main resistance at 195.35 in the medium term period, which forms the key to detect the next main trend.
The expected trading range for today is between 192.35 and 193.80
Trend forecast: Bullish
Forex and Currency News
Forex
Yen heads for weekly loss as intervention momentum from Japanese authorities fade
2024-05-10 04:51AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, resuming losses against the ...
Forex
BOE holds interest rates unchanged for sixth straight meeting
2024-05-09 11:33AM UTC
Bank of England voted to hold interest rates unchanged for the fifth straight meeting at 5.25%, the ...
Forex
Sterling under pressure ahead of BOE decisions
2024-05-09 07:50AM UTC
Sterling fell in European trade on Thursday against a basket of major rivals, extending losses for ...
Forex Technical Analysis
Forex
The USDCHF price gathers the positive momentum – Forecast today - 10-05-2024
2024-05-10 03:57AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price encountered strong resistance from ...
Forex
The NZDUSD price attempts positively – Forecast today - 10-05-2024
2024-05-10 03:57AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price showed a clear bounce upwards ...
Forex
The AUDUSD price achieves intraday gains – Forecast today - 10-05-2024
2024-05-10 03:57AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price exhibited clear positivity ...