The EURJPY pair ended the last negative attempts by testing 182.00 level, to form a strong barrier, to begin forming bullish waves to settle near 183.20.

Note that the price attempt to regain the bullish bias depends on breaching 184.40 level and holding above it, to open the way for recording new gains that might extend towards 184.85 and 185.45, while the failure of the breach will force it to keep providing unstable mixed trading until surpassing one of the main levels.

The expected trading range for today is between 182.55 and 184.00

Trend forecast: Fluctuating within the bearish track

– Written by


David Woodsmith

STORY LINK Pound Sterling to Dollar Forecast: GBP Supported but Upside Limited

The Pound to Dollar exchange rate (GBP/USD) rebounded toward 1.33 after the Bank of England delivered a more hawkish-than-expected policy stance, helping offset ongoing pressure from rising energy prices and weak risk appetite.

Sterling found support from higher UK bond yields and shifting rate expectations, although gains remain fragile as markets continue to monitor oil prices and global geopolitical risks.

GBP/USD Forecasts: Near 1.33

The Pound to Dollar rate dipped again to re-test the 1.3250 level in Asia on Thursday amid another surge in energy prices and slide in risk appetite as Middle East energy infrastructure was damaged.

GBP/USD rallied to 1.33 as UK yields moved higher and there was a slightly more hawkish than expected Bank of England policy decision.

Higher bond yields will, however, also increase concerns over fragile UK fundamentals and could trigger a cascade of deteriorating confidence.

According to UoB on a short-term view; “The likelihood of GBP closing below 1.3220 will remain intact as long as 1.3350 (‘strong resistance’ level) is not breached.”

ING is not expecting sustained GBP/USD and forecasts 1.33 at the end of 2026.

As expected, the Bank of England (BoE) held interest rates at 3.75%. There was a 9-0 vote for the decision compared with talk that two members could back a reduction.

According to the bank; “The MPC is alert to the increased risk of domestic inflationary pressures through second-round effects in wage and price-setting, the risk of which will be greater the longer higher energy prices persist.”

The overwhelming message was a wait and see position given the high degree of uncertainty over the duration of higher energy prices.

Taylor and Dhingra want to resume rate cuts when conditions allow, but Mann noted that a rate hike might be required.

Following the decision, markets are pricing in two 25 basis-point rate hikes this year to 4.25% which helped underpin the Pound.

The UK 10-year bond yield also increased further to 6-month highs above 4.80%. Equity markets remained heavily in the red with a 2.4% slide in the FTSE 100 index.

Energy prices will remain a crucial factor. MUFG commented; “The latest developments have increased the risk of a bigger and more prolonged energy price shock alongside the ongoing closure on the Strait of Hormuz.”

It added; “Overall, we continue to judge that risks remain heavily tilted to the upside for energy prices and the US dollar given the unprecedented hit to global energy supply.”

Overnight, the Federal Reserve held interest rates at 3.75%, in line with consensus forecasts. Inevitably, there was no clear guidance on the outlook while the consensus forecasts by committee members was still for one cut in 2026.

ING expects energy prices will dominate for now, but did add; “If anything, some early signs the Fed is inclined to look through this inflation bump and still expects to cut this year reinforce our call for a weaker USD into year-end.”

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TAGS: Pound Dollar Forecasts

2026.03.20 2026.03.20
USD/JPY: Elliott Wave Analysis and Forecast for 20.03.26–27.03.26

Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/

Major Takeaways

• Main scenario: Consider short positions from corrections below 159.86 with a target of 156.07–155.17. A sell signal: the price holds below 159.86. Stop Loss: above 159.86, Take Profit: 156.07–155.17.
• Alternative scenario: Breakout and consolidation above the level of 159.86 will allow the pair to continue rising to the levels of 161.00–163.00. A buy signal: the level of 159.86 is broken to the upside. Stop Loss: below 159.86, Take Profit: 161.00–163.00.

Main Scenario

Consider short positions from corrections below 159.86 with a target of 156.07–155.17.

Alternative Scenario

Breakout and consolidation above the level of 159.86 will allow the pair to continue rising to the levels of 161.00–163.00.

Analysis

An ascending fifth wave of larger degree 5 is developing on the weekly chart, with wave (1) of 5 forming as its part. Apparently, the third wave of smaller degree 3 of (1) has formed on the daily chart, and a correction has been completed as the fourth wave 4 of (1). The fifth wave 5 of (1) is likely developing on the H4 time frame. Within it, wave i of 5 has formed and a local correction is developing in the form of wave ii of 5. If the presumption is correct, USD/JPY will continue to drop to 156.07–155.17. The level of 159.86 is critical in this scenario as a breakout above it will enable the pair to continue rising to the levels of 161.00–163.00.

This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.

Price chart of USDJPY in real time mode

Platinum price resumed the previously suggested negative attack yesterday to surpass the suggested negative stations, to suffer big losses by reaching $1872.00 level, to form a quick positive rebound, attempting to recover some losses by targeting $2015.00 level.

Forming an extra barrier at $2045.00 level makes us expect renewing the negative attempts, to expect reaching near $1955.00, then attempt to press on the next support near $1865.00, while its rally above $2045.00 and holding above it will allow it to recover more losses to target $2085.00 level.

The expected trading range for today is between $1865.00 and $ 2040.00

Trend forecast: Bearish