The GBPJPY exits the bullish track– Analysis – 26-9-2022

The GBPJPY pair faced strong negative pressures, which led it to exit the bullish track by breaking the support at 158.40 level, to notice by the above image suffering big losses by hitting 148.90 level, to bounce towards 152.00 in order to compensate some of the losses.

And that confirms the GBPJPY price’s surrender to the bearish bias domination, noting that there is a big chance for providing mixed trading in the current period, due to forming a strong historical support at 148.50 level, while breaking this support will force the price to suffer extra losses that might extend to 146.20 initially.

The expected trading range for today is between 153.10 and 149.00

The expected trend for today: Bearish