The GBPJPY faces strong positive pressures – Analysis – 1-6-2020
Economies.com
2020-06-01 07:34AM UTC
The GBPJPY pair faced strong positive pressures on last Friday, which pushed the price to form positive wave and surpass the bearish channel’s resistance at 133.00 as appears on the chart.
The current scenario depends on the strength of 133.00 level, to expect the beginning of forming strong bullish trades to start targeting new positive levels by moving towards 134.60 and 136.05 levels.
The expected trading range for today is between 139.70 and 137.40
The expected trend for today: Bullish
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