The GBPJPY approaches the first target – Analysis – 3-9-2021

Economies.com
2021-09-03 09:39AM UTC

The GBPJPY pair extended bullishly to approach the first target at 152.40, affected by the extension of the additional resistance that appears on the chart, while the price might be forced to form some sideways fluctuation, noting that the moving average 55 forms additional support at 151.30, and stochastic attempts to provide the additional positive momentum, to recommend waiting to breach the current barrier and open the way to reach new positive stations that might start at 154.25.

 

The expected trading range for today is between 151.80 and 152.90

 

The expected trend for today: Bullish

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