The GBPJPY attempts to end the correctional decline – Analysis – 14-6-2022

2022-06-14 05:23:50 GMT (Economies.com)
 

The GBPJPY pair formed new correctional bearish wave yesterday to touch 162.2 level and form additional support against the negative attempts, to start forming bullish rally and touch 164.30 level.

 

Note that regaining the bullish bias requires holding positively above 164.80 level, to manage to form strong bullish waves that might push it to reach 165.60 and 167.00 levels, while failing to breach this barrier will force it to continue fluctuating negatively within chances of suffering additional losses that might extend towards 161.60 and 160.55.

 

The expected trading range for today is between 162.70 and 165.60

 

The expected trend for today: Bullish

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  Symbol Last Change Chg.%
1.0181
-0.0067
0.6557%
1.2073
-0.0177
1.4416%
19.890
-0.406
2.000%
89.155
-4.509
4.814%
94.92
0.80
0.85%
1772.525
2.225
0.126%
 
 
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