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
BOE holds interest rates unchanged for sixth straight meeting
2024-05-09 11:33AM UTC
Bank of England voted to hold interest rates unchanged for the fifth straight meeting at 5.25%, the ...
Forex
Sterling under pressure ahead of BOE decisions
2024-05-09 07:50AM UTC
Sterling fell in European trade on Thursday against a basket of major rivals, extending losses for ...
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 Technical Analysis
Forex
The EURUSD price forecast update - 09-05-2024
2024-05-09 09:34AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price resumes its negative trading to ...
Forex
The EURGBP begins to rise – Forecast today – 9-5-2024
2024-05-09 05:54AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP price succeeded to hold above 38.2% ...
Forex
The EURJPY achieves the second target – Forecast today – 9-5-2024
2024-05-09 05:46AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair continued to form bullish trades ...