The GBPJPY approaches the top – Analysis – 22-6-2022

2022-06-22 05:01:31 GMT (Economies.com)
 

The GBPJPY pair touched 167.84 level yesterday, to record our suggested target and confirm its surrender to the domination of the bullish bias, expecting to move towards the previously recorded high at 168.70, waiting to surpass this obstacle to extend trades towards new stations that might start at 169.30 followed by reaching the major high at 171.00 on the medium term basis.

 

On the other hand, attempting to crawl below the additional support at 166.00 and getting negative close will increase the chances of forming correctional bearish trades that might force it to suffer some losses by reaching 165.30 and 164.20 levels.

 

The expected trading range for today is between 166.00 and 168.70

 

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0243
0.0046
0.4467%
1.2118
0.0001
0.0120%
20.647
0.283
1.390%
89.558
1.080
1.221%
95.24
-1.40
1.45%
1792.055
10.380
0.583%
 
 
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