The GBPJPY collapses again – Analysis – 20-11-2019

Economies.com
2019-11-20 07:28AM UTC

The GBPJPY pair failed to get rid of 141.50 barrier, to block the bullish attempts and force the price to form negative rebound as appears on the chart, to settle at 140.00 level.

 

On the other hand, the frequent stability above 139.40 that continues to form additional support against the bullish trades allows us to wait to gather new positive momentum and repeat the pressure on the current barrier in order to reach new positive stations that might start 142.60.

 

The expected trading range for today is between 139.40 and 141.50

 

The expected trend for today: Bullish

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