The GBPJPY suffers additional losses – Analysis – 13-5-2022
Economies.com
2022-05-13 08:16AM UTC
The GBPJPY pair’s negative trades extended below the additional support at 157.85, suffering additional losses by touching 155.60 level followed by attempting to cover some losses by moving towards 157.50.
Despite the consolidation within the bullish channel, the continuous fluctuation below the moving average 55 might force it to renew the negative attempts in order to reach 155.00, while starting the bullish requires breaching 159.60 level and getting positive close above it, to increase the chances of reaching positive stations in the upcoming period.
The expected trading range for today is between 158.40 and 156.20
The expected trend for today: Bearish
Forex and Currency News
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 16-05-2024
2024-05-16 09:26AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some bearish bias to head ...
Forex
The EURUSD price forecast update - 16-05-2024
2024-05-16 09:25AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price faces negative pressure now to ...
Forex
The NZDCAD regains the bullish track – Forecast today – 16-5-2024
2024-05-16 05:41AM UTC
NZDCAD Price Analysis Expected Scenario The NZDCAD price succeeded in regaining the ...