GBPJPY confirms the negativity – Analysis – 8-8-2018
Economies.com
2018-08-08 08:24AM UTC
The GBPJPY pair provided new negative close below the broken support to form new resistance at 144.50, noticing renewing the negative trades and approaching the first target at 143.25, expecting to continue the negative pressures to target additional negative stations that start at 142.40 followed by 141.20.
Stochastic crawl towards the oversold areas reinforces the negative stability by providing strong negative momentum and confirms the preparation to achieve the suggested negative targets.
Expected trading range for today is between 143.90 and 142.40
Expected trend for today: Bearish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
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 Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...