The GBPJPY records the target – Analysis –22-09-2020

Economies.com
2020-09-22 05:42AM UTC

The GBPJPY pair interact with the negativity of the main indicators in yesterday’s trading, to notice forming a sharp decline recording the target at 133.70, to face 38.2% Fibonacci correction level as appears in the above image.

 

we expect forming some of the sideways fluctuated moves, to increase the chances for forming extra negative momentum that allows it to break 133.70 level in order to reach extra negative stations that might begin at 131.90 reaching to 130.00, to form a psychological barrier against the negative trading.

 

The expected trading range for today is between 134.40 and 133.15

 

The expected trend for today: Bearish

 

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price faces temporary negative pressure – Forecast today - 29-03-2024
2024-03-29 01:48AM UTC
USDCHF Price Analysis Expected Scenario: Bullish Trend The USDCHF pair rebounded bearishly ...
NZD USD Analysis

Forex

The NZDUSD price keeps its negative stability – Forecast today - 29-03-2024
2024-03-29 01:47AM UTC
NZDUSD Price Analysis Expected Scenario: Bearish Trend The NZDUSD price remains below the ...
AUD USD Analysis

Forex

The AUDUSD price awaits confirmed break – Forecast today - 29-03-2024
2024-03-29 01:47AM UTC
AUDUSD Price Analysis Expected Scenario: Bearish Momentum The AUDUSD price failed to sustain ...