The GBPJPY repeats the sideways fluctuation – Analysis – 11-1-2022
Economies.com
2022-01-11 05:48AM UTC
The GBPJPY pair failed to breach 157.40 barrier yesterday, to repeat the sideways fluctuations and notice its confine between the current barrier and 156.00 support.
These factors urge us to wait to surpass one of the dominant levels to manage to detect the upcoming targets, as achieving the required breach will open the way to record many positive targets that might start at 158.60, while crawling below the additional support will force it to form correctional bearish rebound in order to reach the bullish channel’s support line at 154.50.
The expected trading range for today is between 156.00 and 157.40
The expected trend for today: Sideways
Forex and Currency News
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex Technical Analysis
Forex
The GBPAUD prepares to decline – Forecast today – 25-4-2024
2024-04-25 05:48AM UTC
GBPAUD Price Analysis The GBPAUD price confirmed its surrender to the domination of the bearish ...
Forex
The EURJPY achieves big gains – Forecast today – 25-4-2024
2024-04-25 05:42AM UTC
EURJPY Pair Analysis The EURJPY pair succeeded to resume the bullish attack since this morning ...
Forex
The GBPJPY resumes the rise – Forecast today – 25-4-2024
2024-04-25 05:41AM UTC
GBPJPY Pair Analysis The GBPJPY pair took advantage of the frequent positive pressures to ...