The GBPJPY repeats the negative closings – Forecast today – 28-3-2024
Economies.com
2024-03-28 05:35AM UTC
GBPJPY Pair Analysis and Forecast
Expected Scenarios
- Weak trades yesterday with fluctuation near 191.10.
- Continuous negative consolidation below 192.30 barrier.
- Stochastic continuous negative momentum signals.
Supports a correctional bearish overview, waiting to renew pressure on the initial support at 190.15. Breaking it might extend losses towards 189.50.
On the other hand, surpassing the mentioned barrier and closing positively above it will cancel the correctional bearish overview, suggesting targeting new positive stations. These might extend towards 192.75 followed by reaching the recently recorded high at 193.50.
Trading Range Forecast
The expected trading range for today is between 191.80 and 190.15.
Trend Forecast
Bearish
Forex and Currency News
Forex
Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price presses on the key support ...
Forex
The AUDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial break to ...
Forex
The GBPUSD forecast update 08-05-2024
2024-05-08 09:36AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to ...