The GBPJPY declined strongly– Analysis – 29-7-2022
Economies.com
2022-07-29 07:19AM UTC
The GBPJPY pair interactive with the repeated negative pressures, to keep its negative stability below the barrier at 165.30, to notice forming a strong decline today, suffering big losses by its reach to 38.2% Fibonacci that is located near 162.00.
Facing the moving average 55 currently might force the price to form temporary sideways fluctuation, to keep waiting for breaking this barrier, which might assist to resume the decline and reach 161.35 and 160.70 soon.
The expected trading range for today is between 163.85 and 161.35
The expected trend for today: Bearish
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