The GBPJPY repeats the negative closings – Forecast today – 28-3-2024
Economies.com
2024-03-28 05:35AM UTC
GBPJPY Pair Analysis and Forecast
Expected Scenarios
- Weak trades yesterday with fluctuation near 191.10.
- Continuous negative consolidation below 192.30 barrier.
- Stochastic continuous negative momentum signals.
Supports a correctional bearish overview, waiting to renew pressure on the initial support at 190.15. Breaking it might extend losses towards 189.50.
On the other hand, surpassing the mentioned barrier and closing positively above it will cancel the correctional bearish overview, suggesting targeting new positive stations. These might extend towards 192.75 followed by reaching the recently recorded high at 193.50.
Trading Range Forecast
The expected trading range for today is between 191.80 and 190.15.
Trend Forecast
Bearish
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