GBPJPY without any change – Analysis – 22-1-2019

No change for the GBPJPY pair’s correctional bullish attempts, as it remains stable above 140.40 that forms the initial support against the recent bullish attempts, expecting to gather new positive momentum to rally towards 142.20 followed by providing clear pressure on the moving average 55, located at 143.10.

We should note that declining below the current support might cancel the positive momentum to repeat the attempts to reach 139.10 followed by reaching the main bearish channel’s resistance at 137.00.

Expected trading range for today is between 140.40 and 142.20

Expected trend for today: Bullish