financetom
Pound-Dollar
financetom
/
Forex
/
Pound-Dollar
/
The GBPJPY touches the first target – Forecast today – 2-4-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The GBPJPY touches the first target – Forecast today – 2-4-2024
Apr 2, 2024 12:12 AM

Analysis of GBPJPY Pair Movement The GBPJPY pair activated the correctional bearish attack recently due to the frequent stability below the additional barrier 192.40, to notice forming strong decline and settling near the first target at 190.15. We notice stochastic approach to 20 level to increase the negative pressures by providing the negative momentum, allowing us to keep the negative overview and wait to break 190.15 level to manage to reach the additional negative targets at 189.55 and 189.05. Expected Trading Range for Today The expected trading range for today is between 190.65 and 189.55 Trend forecast: Bearish

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
The GBPUSD price under the negative pressure - Forecast today - 30-05-2024
The GBPUSD price under the negative pressure - Forecast today - 30-05-2024
May 30, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price bounced downwards strongly yesterday, as it attacked $1.2700 level and attempted to confirm breaking it, opening today with additional decline to surpass this level and hint turning to decline in the upcoming sessions, to head towards visiting $1.2630 followed by $1.2580 levels as main negative stations. Therefore, we expect to witness more...
The GBPUSD price faces minor resistance - Forecast today - 29-05-2024
The GBPUSD price faces minor resistance - Forecast today - 29-05-2024
May 29, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price bounced bearishly after testing 1.2800$ barrier, to head towards potential test to the key support 1.2700$, noting that the EMA50 continues to provide the positive support to the price, to keep the main bullish trend scenario active for the upcoming period, which its next target located at 1.2893$. The positive effect of...
The GBPUSD price attempts positively - Forecast today - 03-06-2024
The GBPUSD price attempts positively - Forecast today - 03-06-2024
Jun 3, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades positively to move away from 1.2700$ level, reinforcing the expectations of continuing the bullish trend in the upcoming period, affected by the previously completed double bottom pattern, reminding you that our next main target reaches 1.2893$. Holding above 1.2700$ is important to the continuation of the expected rise, as breaking it...
The GBPUSD price breaches the resistance - Forecast today - 31-05-2024
The GBPUSD price breaches the resistance - Forecast today - 31-05-2024
May 31, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price traded with clear positivity yesterday to confirm breaching 1.2700$ level, which leads the price to build new bullish wave that targets visiting 1.2893$ areas mainly. Therefore, the bullish bias will be suggested in the upcoming sessions, noting that breaking 1.2700$ will stop the expected rise and push the price to turn to...
Copyright 2023-2025 - www.financetom.com All Rights Reserved