The GBPJPY faces solid barrier – Analysis – 13-9-2019

The GBPJPY pair repeated forming a bullish rally yesterday to face an important barrier at 133.60 level, this barrier forms a key to detect the expected trend in the current period, while breaching it will allow the price to target several positive levels by reaching 134.50 and 136.60.

While the price failure to breach the current barrier will force it to form negative trading, to attempt to regain the bearish bias by pressing on 132.50 level until reaching 131.20, therefore, we recommend waiting for the next four hours’ close to detect the true trend according to the previous data.

The expected trading range for today is between 134.10 and 132.70

The expected trend for today: Neutral