The GBPJPY attacks the minor bearish channel’s resistance – Analysis – 20-3-2020

The GBPJPY pair ended its last negative attack by recording 124.05 level that forms the minor bearish channel’s support line, to notice forming strong bullish rebound and settles around 129.65 resistance.

We will keep the negative overview for now unless breaching 130.65 level, to expect declining towards 127.90 followed by 126.50 levels, while attempting to regain the bullish bias requires jumping above 130.65 to open the way to target many positive levels that start at 131.95 followed by 134.20.

The expected trading range for today is between 130.65 and 127.90

The expected trend for today: Bearish