The GBPJPY records some extra gains– Forecast today – 10-4-2024

Economies.com
2024-04-10 07:12AM UTC

The GBPJPY pair repeated forming bullish waves, getting advantages from the positive stability above 191.70 level, to form extra support, hitting some positive stations by reaching 192.85.

 

Stochastic attempt to reach the overbought level will increase the chances for gaining positive momentum, which makes us keep the bullish suggestion until reaching the achieved top at 193.50 level.

 

The expected trading range for today is between 192.10 and 193.50

 

Trend forecast: Bullish

 

Forex and Currency News

EUR/USD news

Forex

Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
USD/JPY news

Forex

Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex News

Forex

US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...

Forex Technical Analysis

EUR USD Analysis

Forex

The EURUSD price forecast update - 16-05-2024
2024-05-16 09:25AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price faces negative pressure now to ...
Technical Analysis

Forex

The NZDCAD regains the bullish track – Forecast today – 16-5-2024
2024-05-16 05:41AM UTC
NZDCAD Price Analysis Expected Scenario The NZDCAD price succeeded in regaining the ...
EUR JPY Analysis

Forex

The EURJPY under the correctional effect – Forecast today – 16-5-2024
2024-05-16 05:38AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair provided a new negative close ...