The GBPJPY begins with new negativity – Analysis – 21-11-2022

The GBPJPY pair kept its negative consolidation below the additional barrier 166.80, to notice the beginning of providing negative trades by settling near 166.20, also, stochastic exit from the overbought areas will provide the price with new negative momentum to reinforce the chances of providing strong negative trades that might extend towards 165.25 and 164.50 levels soon.

We remind you that succeeding to breach the current barrier and getting positive close above it confirm regaining the bullish bias, expecting to form strong positive rally and target 167.90 followed by 169.00 levels.

The expected trading range for today is between 166.80 and 165.25

The expected trend for today: Bearish