The GBPJPY begins to gain profits – Analysis – 26-2-2021
Economies.com
2021-02-26 08:08AM UTC
The GBPJPY pair failed to breach 150.60 to form strong obstacle against the bullish trades, to notice the beginning of taking profits by forming correctional bearish waves to attack the initial support at 147.80.
Facing continuous negative pressures allows us to expect resuming the correctional bearish attack, to attempt to reach 146.35 level, while providing positive close above 147.80 will allow the price to renew the bullish attempts to extend trades towards 148.75 and 149.62 levels.
The expected trading range for today is between 147.10 and 148.75
The expected trend for today: Bearish temporarily
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