The GBPJPY seeks new momentum – Analysis – 15-7-2019

Economies.com
2019-07-15 07:12AM UTC

The GBPJPY pair did not succeed to get rid of the sideways bias domination by facing intraday positive pressure coming by stochastic rally above 50 level, to postpone the previously suggested negative trading, while the current trades might extend to test 136.30 level to gather the negative momentum followed by repeating the pressure on 135.00 level, which breaking it will confirm moving towards the main target at 133.70.

 

The expected trading range for today is between 136.30 and 133.70

 

The expected trend for today: Bearish

Forex and Currency News

EUR/USD news

Forex

Euro under pressure ahead of European inflation data
2024-04-30 07:41AM UTC
Euro declined in European trade on Tuesday against a basket of major rivals, backing away from ...
Forex News

Forex

Dollar loses ground as markets focus on corporate earnings
2024-04-29 18:46PM UTC
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the ...
Forex News

Forex

Dollar under pressure from US yields and Japanese authorities
2024-04-29 11:17AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 30-04-2024
2024-04-30 09:24AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price trades with clear negativity to ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 30-04-2024
2024-04-30 09:24AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price is facing additional negative ...
GBP USD Analysis

Forex

The GBPUSD forecast update 30-04-2024
2024-04-30 09:23AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades negatively now to confirm ...