GBPJPY settles below the moving average – Analysis – 11-2-2019
Economies.com
2019-02-11 08:34AM UTC
There is no on the GBPJPY pair’s intraday sideways trading, but its continuous stability below the initial resistance that is represented by 142.80 level beside forming an extra barrier by the moving average 55 at 142.40 supports the negative suggestion in the near and medium period trading.
Therefore, we will keep waiting for gathering a new negative momentum that allows it to build a negative trading, to target 141.45 reaching to 140.40 level.
The expected trading range for today is between 142.80 and 141.45
The expected trend for today: Bearish
Forex and Currency News
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...