The GBPJPY begins to record the correctional targets – Analysis – 18-1-2021
Economies.com
2021-01-18 06:10AM UTC
The GBPJPY pair confirmed surrendering to the correctional bearish bias by settling below the bullish channel’s resistance at 142.25, to notice the beginning of recording the correctional targets by reaching 140.70.
Stochastic decline below 50 level allows us to suggest more negative attempts conditioned by the price stability below 141.10, waiting to target 140.10 followed by reaching the initial support 139.30.
The expected trading range for today is between 141.10 and 139.30
The expected trend for today: Bearish
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