The GBPJPY attempts to form bullish pattern – Analysis – 15-3-2019

2019-03-15 07:38:39 GMT (Economies.com)
The GBPJPY attempts to form bullish pattern – Analysis – 15-3-2019
 

The GBPJPY pair was forced to form sideways trades affected by the stability of 148.60 level against the bullish attack, noticing the attempt to form the bullish flag pattern and wait to rally above 148.90 level to the attempt to form strong bullish attack and target 149.60 followed by reaching the bullish channel’s resistance at 150.30.

 

Note that crawling below 147.30 will cancel the bullish pattern and force the price to provide some negative correction by moving towards the moving average 55 at 146.00.

 

The expected trading range for today is between 147.30 and 149.90

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1163
0.0000
0.0036%
1.2703
-0.0034
0.2662%
14.454
0.036
0.250%
62.977
0.296
0.473%
72.03
0.15
0.21%
1274.845
-2.920
0.229%
 
 
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