The GBPJPY repeats the positive attempts – Analysis – 30-7-2021

Economies.com
2021-07-30 08:23AM UTC

The GBPJPY pair continued to provide positive closings above 151.80 level to form additional support against the previously suggested bullish attempts, therefore, we will keep waiting to gather the additional positive momentum to ease the mission of recording new targets that might extend to 153.90 and 154.50 levels.

 

Note that the consolidation of the moving average 55 below the mentioned support confirms blocking trades within the bullish track to increase the chances of resuming the bullish attack and record the mentioned targets.

 

The expected trading range for today is between 152.50 and 153.90

 

 

The expected trend for today: Bullish

Forex and Currency News

AUD/USD news

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 ...
USD/JPY news

Forex

Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex News

Forex

Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...

Forex Technical Analysis

EUR JPY Analysis

Forex

The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
GBP JPY Analysis

Forex

The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
USD CHF Analysis

Forex

The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...