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 needs strong positive motive - Forecast today - 12-06-2024
The GBPUSD price needs strong positive motive - Forecast today - 12-06-2024
Jun 12, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price fluctuates around the EMA50 that forms good resistance against the price at 1.2750$, and the price needs to get strong positive motive that assist to surpass this level and open the way to achieve our waited positive targets, which start at 1.2800$ and extend to 1.2893$. Therefore, we will continue to suggest...
The GBPUSD price hits the first target - Forecast today - 13-06-2024
The GBPUSD price hits the first target - Forecast today - 13-06-2024
Jun 13, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price succeeded to achieve our first waited target at 1.2800$ and attempted to breach it, but faces clear negative pressure to move below it, affected by the RSI negativity, waiting to gather positive momentum that assists to push the price to resume the bullish trend that its next target reaches 1.2893$. The EMA50...
The GBPUSD price breaks the support - Forecast today - 17-06-2024
The GBPUSD price breaks the support - Forecast today - 17-06-2024
Jun 17, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price continued its decline, breaking the 1.2700$ level decisively and closing below it last Friday. This action negates the previously suggested positive scenario and subjects the price to negative pressure in the upcoming sessions, targeting a visit to 1.2580$ as the next downside target. Therefore, a bearish bias is suggested for today, supported...
The GBPUSD price needs the positive momentum - Forecast today - 14-06-2024
The GBPUSD price needs the positive momentum - Forecast today - 14-06-2024
Jun 14, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price hovers around the EMA50 since yesterday, noticing that the RSI attempts to gather the positive momentum, waiting to get positive motive that assist to push the price to resume the main expected bullish trend for the upcoming period, which its next target reaches 1.2893$. Holding above 1.2700$ is important to the continuation...
Copyright 2023-2025 - www.financetom.com All Rights Reserved