The GBPJPY fluctuates within the bearish track – Analysis – 21-3-2023
Economies.com
2023-03-21 05:39AM UTC
The GBPJPY pair attempted to record many negative targets yesterday by touching 158.95 level and confirm its affection by the previously suggested bearish bias domination, while lacking the negative momentum forced it to form temporary positive rebound and settle near 160.70.
We remind you that the MA55 attempt to form additional barrier by settling near 162.20 allows us to wait to gather the additional negative momentum and ease the mission of breaking 158.60 support line, to open the way to reach the additional negative stations near 157.70 and 156.80.
The expected trading range for today is between 161.50 and 159.20
The expected trend for today: Bearish
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