GBPJPY needs strong momentum – Analysis – 26-6-2018

Economies.com
2018-06-26 06:37AM UTC

The GBPJPY pair still affected by the sideways trading due to lacking the positive momentum, to notice the sideways fluctuations and move between 144.30 support and 146.00 initial resistance today, recommending to wait to surpass this resistance and confirm the preparation to resume the bullish attack that targets 148.00 followed by 149.70 levels.

 

We remind you that the price decline below the mentioned support will cancel the bullish overview and force the price to record more losses by targeting 143.10 followed by reaching 142.30.

 

Expected trading range for today is between 144.30 and 146.00

 

Expected trend for today: Sideways

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