The GBPJPY keeps the positivity – Forecast today – 1-5-2024
Economies.com
2024-05-01 05:25AM UTC
Scenarios and Trading Range
Expected Scenarios
- GBPJPY pair confirmed keeping the bullish track.
- New close above 196.00 was provided yesterday, extending the additional support.
Some gains were achieved by rallying towards 197.37.
New positive momentum is needed to ease the mission of resuming the bullish attack.
Expect targeting 197.75 level initially, followed by reaching 199.30 on a medium-term basis, forming the next main target of the bullish trades.
Trading Range
The expected trading range for today is between 196.60 and 197.75.
Trend Forecast
Bullish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...