The GBPJPY holds above the support – Forecast today – 19-4-2024
Economies.com
2024-04-19 08:15AM UTC
GBPJPY Pair Analysis
Expected Scenario
- The GBPJPY pair experienced sudden negative pressure, leading to a strong negative rebound and testing of the bullish channel's support line around 190.50.
- Subsequently, the pair returned to fluctuate near 192.20, affirming its adherence to the previously suggested bullish trajectory.
- We will rely on the 191.70 level to provide additional support, coupled with stochastic indicators trending towards overbought levels, enhancing the bullish momentum.
- Targets for the bullish trajectory include positive stations at 192.85 and 193.65.
Expected Trading Range
Between 191.50 support and 192.85 resistance.
Trend Forecast: Bullish
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