Latest Articles

EUR/JPY Extends Gains, Targets Higher Levels – March 6, 2025 Forecast

The EUR/JPY pair maintained its bullish momentum, breaking above the 160.00 level on Wednesday and reinforcing the previously anticipated upward trend. The pair remained...
HomeCurrenciesGBPJPY Holds Above Support, Potential for Bullish Rally – Forecast for December...

GBPJPY Holds Above Support, Potential for Bullish Rally – Forecast for December 2, 2024

The GBPJPY pair has managed to close positively above the support at 190.35, signaling a reduction in losses and bolstering the prospects of a corrective bullish rally. This move sets the stage for a potential rally towards the 191.10 level.

Additionally, the stochastic indicator’s exit from the oversold zone strengthens the likelihood of positive momentum, positioning the pair to target higher levels. There is a strong possibility of surpassing the 191.40 mark, with the next key resistance at 192.50.

The expected trading range for today is between 190.35 (support) and 192.50 (resistance).

Trend Forecast: Bullish

Related topics: