The GBPJPY declines towards the additional support – Analysis – 14-1-2022
Economies.com
2022-01-14 07:52AM UTC
No change to the GBPJPY pair’s sideways track, to notice declining from the sideways track resistance yesterday at 157.40 to settle near 156.00 support line.
We will stay neutral until surpassing one of the mentioned levels, reminding you that declining below the support will force the price to suffer intraday losses until testing the bullish channel’s support line at 154.55, while breaching the resistance will open the way to record big gains that might start at 158.60 followed by 159.70.
The expected trading range for today is between 156.00 and 157.40
The expected trend for today: Neutral
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