The GBPJPY prepares to decline – Forecast today – 27-3-2024
Economies.com
2024-03-27 05:31AM UTC
GBPJPY Pair Analysis
The GBPJPY pair still confined with many negative factors, such as the frequent stability below 192.20 barrier, in addition to stochastic negative momentum signals that declines below 50 level.
- These factors confirm surrendering to the domination of the correctional bearish bias, to keep waiting to attack the first target at 190.15.
- Breaking it might extend losses towards 159.55 on the medium-term basis, followed by reaching 189.05 to face the additional support that appears on the chart.
The expected trading range for today is between 191.80 and 190.15.
Trend forecast: Bearish
Forex and Currency News
Forex
Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex Technical Analysis
Forex
The GBPCHF returns to the negative track – Forecast today – 8-5-2024
2024-05-08 05:27AM UTC
Expected Scenarios GBPCHF price encounters solid barrier at 1.1518 during correctional bullish ...
Forex
The EURJPY keeps the bullish bias – Forecast today – 8-5-2024
2024-05-08 05:21AM UTC
Expected Scenarios EURJPY pair remains stable within bullish channel Continuous support from ...
Forex
The GBPJPY faces difficulty to surpass the barrier – Forecast today – 8-5-2024
2024-05-08 05:20AM UTC
Expected Scenarios GBPJPY pair consolidates within bullish channel Positive momentum from ...