The GBPJPY catches its breath – Analysis – 9-6-2022

The GBPJPY pair touched 168.70 level this morning, to form an intraday barrier against the bullish rally, to notice forming a temporary correctional rebound in order to catch its breath before resuming the expected bullish attack.

Reminding you that the main stability within the bullish channel, and the continuation of forming extra support at 165.20 level, so these factors confirm the continuation of the positivity, to expect the price activation with stochastic positivity, in order to reach new positive stations that might begin at 169.15 reaching the psychological barrier at 170.00.

The expected trading range for today is between 167.30 and 169.00

The expected trend for today: Fluctuated within the bullish track.