The GBPJPY surrenders to the negativity – Analysis – 22-12-2020
Economies.com
2020-12-22 06:56AM UTC
The GBPJPY pair repeated the negative closings below the additional barrier 139.30 to increase the chances of forming correctional bearish trades, expecting to move towards 137.40 followed by reaching the bullish channel’s support at 136.20.
On the other hand, regaining the bullish bias is conditioned by succeeding to breach the historical resistance at 140.35 to confirm the attempt record new positive targets in the upcoming period that might start at 141.55 followed by 142.60.
The expected trading range for today is between 139.30 and 137.40
The expected trend for today: Bearish
Forex and Currency News
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
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
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex Technical Analysis
Forex
Update: Weak trades, waiting the US economic data
2024-05-03 08:20AM UTC
The major currencies’ pairs and commodities show weak and tight trades since morning, waiting ...
Forex
The EURJPY threats the support – Forecast today – 3-5-2024
2024-05-03 07:07AM UTC
Scenarios Scenario 1: Potential for Positive Momentum EURJPY pair unable to shake off negative ...
Forex
The GBPJPY fluctuates near the support – Forecast today – 3-5-2024
2024-05-03 07:06AM UTC
Scenarios Scenario 1: Activation of Bullish Momentum GBPJPY pair forms new negative waves, ...