The GBPJPY achieves some targets – Analysis – 12-5-2022
Economies.com
2022-05-12 04:50AM UTC
The GBPJPY pair gained new negative momentum yesterday, to notice surpassing the target at 159.60 and move towards the moving average 55 at 158.30.
We remind you that it is important to monitor the price after touching 157.85 level, as it forms key historical support, as its stability will allow the price to start covering the losses by moving towards 160.50 and 161.60, while crawling below this support will force the price to suffer more losses, to expect moving towards 156.45 and 155.20 levels.
The expected trading range for today is between 160.20 and 157.85
The expected trend for today: Bearish
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