The GBPJPY suffers additional losses – Analysis – 13-5-2022
Economies.com
2022-05-13 08:16AM UTC
The GBPJPY pair’s negative trades extended below the additional support at 157.85, suffering additional losses by touching 155.60 level followed by attempting to cover some losses by moving towards 157.50.
Despite the consolidation within the bullish channel, the continuous fluctuation below the moving average 55 might force it to renew the negative attempts in order to reach 155.00, while starting the bullish requires breaching 159.60 level and getting positive close above it, to increase the chances of reaching positive stations in the upcoming period.
The expected trading range for today is between 158.40 and 156.20
The expected trend for today: Bearish
Forex and Currency News
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex
Dollar moves in a positive zone as US treasury yields gian ground
2024-04-22 11:41AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the ...
Forex
Euro gains ground and heads for $1.07
2024-04-22 07:45AM UTC
Euro rose in European trade on Monday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 23-04-2024
2024-04-23 11:05AM UTC
The GBPUSD price tested the key resistance 1.2385$ and bounced bearishly from there, to keep the ...
Forex
The EURUSD price forecast update - 23-04-2024
2024-04-23 11:05AM UTC
The EURUSD price shows sideways trades since morning, and continues to fluctuate around the EMA50, ...
Forex
The GBPCHF under the negative effect – Forecast today – 23-4-2024
2024-04-23 05:12AM UTC
GBPCHF Pair Price Analysis Expected Scenario The GBPCHF pair still affected by the ...