The GBPJPY faces the negative pressures – Analysis – 8-1-2020

Economies.com
2020-01-08 07:19AM UTC

The GBPJPY pair faces strong negative pressures yesterday to postpone the bullish attack by forming intraday negative rebound and hold above the bullish channel’s support line at 140.90.

 

The frequent stability above the major support confirms the price affection by the main bullish scenario, assuring the importance of gathering new positive momentum to ease the mission of reaching the positive stations located at 143.80 followed by 144.30 levels.

 

The expected trading range for today is between 141.30 and 143.80

 

The expected trend for today: Bullish

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