No news for the GBPJPY – Analysis – 18-8-2022
Economies.com
2022-08-18 06:54AM UTC
The GBPJPY pair repeated the negative closings below 163.40 barrier, to force it to form new negative wave and settle near 162.60, confirming its surrender to the domination of the previously suggested correctional bearish bias.
The price needs new negative momentum to manage to resume the decline by providing strong negative pressures on the moving average 50 at 161.80, while surpassing it might extend losses towards 159.85 in the medium term period.
The expected trading range for today is between 163.00 and 161.80
The expected trend for today: Bearish
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