The GBPJPY approaches the major support – Analysis – 26-11-2021
Economies.com
2021-11-26 07:30AM UTC
The GBPJPY pair took advantage of the additional negative momentum, caused by stochastic forming new negative wave, noticing resuming the correctional bearish attack and surpass the moving average 55, to approach the bullish channel’s support line at 152.10.
Note that facing continuous negative pressures and crawling below the current support will confirm moving to the bearish track, to start forming strong negative waves and target 151.55 initially, followed by reaching 149.75.
The expected trading range for today is between 153.65 and 151.55
The expected trend for today: Bearish
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