The GBPJPY fluctuates within the bullish track – Forecast today – 12-4-2024
Economies.com
2024-04-12 07:23AM UTC
GBPJPY Pair Analysis
Expected Scenario
- The GBPJPY pair has been trading sideways, settling near the 192.00 level.
- Holding above the minor bullish channel’s support line at 191.15 could confirm a bullish scenario targeting 192.55 and 192.85 levels.
Expected Outcome
A decline below the support and a negative close could indicate a move towards the bearish track, with potential losses starting at 190.35 and 189.10.
Expected Trading Range
Between 191.50 support and 192.85 resistance.
Trend Forecast: Bullish
Forex and Currency News
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex
Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 01-05-2024
2024-05-01 10:07AM UTC
GBPUSD Price Analysis: Expected Scenarios The GBPUSD price attempted to break 1.2480$ level but it ...
Forex
The EURUSD price forecast update - 01-05-2024
2024-05-01 10:07AM UTC
EURUSD Price Analysis: Expected Scenarios The EURUSD price shows some slight bullish bias now, ...
Forex
The GBPCHF provides positive signal – Forecast today – 1-5-2024
2024-05-01 05:33AM UTC
Scenarios and Trading Range Expected Scenarios GBPCHF price provided positive signals by ...