The GBPJPY touches the first target – Forecast today – 2-4-2024

Economies.com
2024-04-02 05:44AM UTC

Analysis of GBPJPY Pair Movement

  • The GBPJPY pair activated the correctional bearish attack recently due to the frequent stability below the additional barrier 192.40, to notice forming strong decline and settling near the first target at 190.15.
  • We notice stochastic approach to 20 level to increase the negative pressures by providing the negative momentum, allowing us to keep the negative overview and wait to break 190.15 level to manage to reach the additional negative targets at 189.55 and 189.05.

Expected Trading Range for Today

  1. The expected trading range for today is between 190.65 and 189.55

Trend forecast: Bearish

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