The GBPJPY approaches from the main support – Analysis – 3-1-2020
Economies.com
2020-01-03 11:07AM UTC
The GBPJPY pair failed to settle above the initial support at 142.35, which forces it to form a strong negative rebound approaching from the bullish channel’s support at 140.60.
the repeated stability below 142.35 level makes us prefer more of the bearish correctional trading, note that the attempt of breaking the mentioned support will increase the sharpness of the decline, due to its move to a new negative track, to reach 139.60 reaching 137.60.
The expected trading range for today is between 142.35 and 139.60
The expected trend for today: Bearish
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