The GBPJPY provides a new bullish signal – Analysis – 11-9-2019
Economies.com
2019-09-11 06:26AM UTC
The GBPJPY pair formed a strong bullish wave yesterday to surpass the resistance at 132.70, announcing its move to a new bullish track, and stochastic stability within the overbought level eases the attempt of gathering extra positive momentum, to increase the chances for recording new targets that might begin at 133.60 and 134.50.
Note that suffering any negative pressure and reaching below 132.70 level will force it to form a strong negative rebound, to suffer several losses by reaching 131.65 and 130.65.
The expected trading range for today is between 132.70 and 134.50
The expected trend for today: Bullish
Forex and Currency News
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex Technical Analysis
Forex
The GBPAUD prepares to decline – Forecast today – 25-4-2024
2024-04-25 05:48AM UTC
GBPAUD Price Analysis The GBPAUD price confirmed its surrender to the domination of the bearish ...
Forex
The GBPJPY resumes the rise – Forecast today – 25-4-2024
2024-04-25 05:41AM UTC
GBPJPY Pair Analysis The GBPJPY pair took advantage of the frequent positive pressures to ...
Forex
The USDCHF price touches the recent high – Forecast today - 25-04-2024
2024-04-25 04:07AM UTC
USDCHF Price Analysis The USDCHF price resumes its positive trading to test the recently ...