The GBPJPY provides positive signal – Analysis – 26-11-2020

Economies.com
2020-11-26 06:11AM UTC

The GBPJPY pair succeeded to provide positive stability above 139.40 yesterday, to ease the mission of resuming the bullish attempts, waiting to achieve additional targets by moving towards 140.10 followed by reaching the bullish channel’s resistance at 140.80.

 

Note that succeeding to surpass the targeted resistance will reinforce the domination of the bullish bias, to provide the price to test the previously recorded top at 142.70.

 

The expected trading range for today is between 139.00 and 140.80

 

The expected trend for today: Bullish

Forex and Currency News

USD/CHF news

Forex

Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex News

Forex

Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
NZD/USD news

Forex

Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 02-05-2024
2024-05-02 09:06AM UTC
GBPUSD Trading Report The GBPUSD price shows weak trades since morning, settling above 1.2500$ ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 02-05-2024
2024-05-02 09:05AM UTC
EURUSD Trading Report The EURUSD price continues to fluctuate around 1.0715$ level, and we still ...
EUR GBP Analysis

Forex

The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...