The GBPJPY attempts to hold below the broken support – Analysis – 20-5-2019
Economies.com
2019-05-20 07:08AM UTC
The GBPJPY pair lost its negative momentum recently to be forced to form intraday positive rebound and test the broken support at 140.40, assuring the importance of the stability of this barrier to confirm the continuation of the negativity that targets 139.10 followed by 138.40 levels.
Note that rallying above the current support will postpone the bearish attack to build some bullish correction by moving towards 141.20 and 142.15 levels.
The expected trading range for today is between 140.40 and 139.10
The expected trend for today: 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 NZDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price presses on the key support ...
Forex
The AUDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial break to ...
Forex
The GBPUSD forecast update 08-05-2024
2024-05-08 09:36AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to ...