The GBPJPY faces strong negative pressures – Analysis – 22-3-2021
Economies.com
2021-03-22 06:16AM UTC
The GBPJPY pair faced strong negative pressures to notice forming negative gap and settle below 151.90 barrier, to confirm the beginning of forming the correctional bearish trades.
The stability below the additional support at 150.50 allows us to expect the beginning of targeting many negative levels that might start at 149.40 and 147.80, while failing to break it will force the price to provide weak sideways trades by moving between this support and the mentioned barrier.
The expected trading range for today is between 151.60 and 149.40
The expected trend for today: Bearish
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