The GBPJPY awaits the breach – Analysis – 8-6-2023
Economies.com
2023-06-08 04:59AM UTC
The GBPJPY pair formed new bullish wave yesterday, taking advantage of the strength of the additional support at 172.50, to notice recording some gains by rallying towards 174.40, to confirm keeping the domination of the previously suggested bullish bias.
The contradiction between the major indicators will force the price to provide sideways fluctuation, waiting to succeed to gain the additional positive momentum to manage to breach 174.75 obstacle and open the way to reach the additional positive stations that might start at 175.25 followed by reaching the next main target at 176.00.
The expected trading range for today is between 173.40 and 174.75
The expected trend for today: Bullish
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