No change to the GBPJPY bullish track – Analysis – 6-6-2023
Economies.com
2023-06-06 04:53AM UTC
The GBPJPY pair repeated the mixed sideways trades due to the frequent stability below the additional barrier near 174.75, to force it to suffer some losses by declining towards 172.85 followed by forming bullish wave, to reach 173.65.
We notice the main stability within the bullish channel in addition to 172.50 level forming the additional support to confirm the continuation of the positivity for the upcoming period, therefore, we will keep waiting to gather the positive momentum to assist to renew the pressure on 174.75 level that forms the key to resume the bullish attack for the upcoming period.
The expected trading range for today is between 173.00 and 174.50
The expected trend for today: Bullish
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