The GBPJPY cancels the bullish pattern – Forecast today – 22-3-2024
Economies.com
2024-03-22 07:32AM UTC
The GBPJPY pair opened today’s trading by forming strong negative wave and decline below the neckline of the inverted head and shoulders’ pattern at 192.10, to notice suffering clear losses by reaching 191.05 now.
Note that the continuous fluctuation below 192.10 will confirm cancelling the positive pattern and force the price to resume the correctional bearish attempts, to expect moving towards 190.45 initially, followed by 190.15 that forms additional support against the correctional trades.
The expected trading range for today is between 191.80$ and 190.15$
Trend forecast: Bearish
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