No news for the GBPJPY – Analysis – 29-6-2022

No news for the GBPJPY pair, to continue providing sideways trades that hinder the attempt to resume the bullish attack, caused by the frequent stability below 166.40 level, while getting negative momentum by stochastic allows us to keep the correctional bearish overview that might target 164.90 and 164.10 levels.

On the other hand, succeeding to get positive close above 166.40 will assist to renew the bullish attempts, to expect reaching 167.30 level direct followed by repeating the pressure on 168.70 recorded high in order to find a way to resume the bullish attack in the upcoming period.

The expected trading range for today is between 166.40 and 164.90

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The expected trend for today: Bearish