No news for the GBPJPY – Analysis – 7-4-2020

Economies.com
2020-04-07 08:58AM UTC

No news for the GBPJPY pair, as it continues the sideways fluctuation between 134.60 barrier and 133.20 initial support that blocks the previously waited negative attempts.

 

We remind you that the stability of the current barrier allows us to keep our bearish overview that requires breaking 133.20 level in order to reach 132.06, while breaching the current barrier and holding above it confirms moving into the bullish track to start targeting the positive levels that start at 135.55 followed by 137.00.

 

The expected trading range for today is between 134.60 and 132.06

 

The expected trend for today: Bearish

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