The GBPJPY continues to decline – Analysis – 1-12-2022
Economies.com
2022-12-01 05:53AM UTC
No change to the GBPJPY pair’s correctional bearish track due to the frequent consolidation below 166.80 barrier, to notice suffering some losses by moving towards 164.90.
We expect to resume the negative attempts caused by stochastic negative momentum signals, to attack 164.50 level, noting that breaking this obstacle will force it to suffer more losses by crawling towards 164.00 and 163.10.
The expected trading range for today is between 166.30 and 164.00
The expected trend for today: Bearish
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