GBPJPY approaches the support – Analysis – 9-10-2018
Economies.com
2018-10-09 06:29AM UTC
The GBPJPY pair formed a bearish correctional wave, approaching from the support at 147.10, the stability of this support forms the main factor to confirm the positivity of the trading in the near and medium period, to expect targeting 148.65 level reaching to 150.45 barrier by gaining new momentum.
While breaking the current support and providing negative close will confirm the domination of the bearish bias, by its stability within the bearish channel, which forces it to record several losses by reaching 146.00 and 144.80.
Expected trading range for today is between 147.35 and 148.65
Expected trend for today: Bullish
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