The GBPJPY seeks the positive momentum – Analysis – 10-7-2020
Economies.com
2020-07-10 08:18AM UTC
The GBPJPY pair lost its positive momentum yesterday, which pushed the price to decline from 135.90 level and settles below the moving average 55, led by the price attempt to gather the additional positive momentum to expect testing 133.70 level followed by starting to renew the bullish attempts and target 135.20 level initially, followed by attempting to press on 136.65 barrier.
The risks of changing the bullish track will appear in case the price crawled below the bullish channel’s support line, located now at 133.15, to force it to suffer many losses by declining towards 132.30 and 129.90 levels.
The expected trading range for today is between 133.80 and 135.20
The expected trend for today: Bullish
Forex and Currency News
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...