The GBPJPY fluctuates within the bullish track – Forecast today – 12-4-2024
Economies.com
2024-04-12 07:23AM UTC
GBPJPY Pair Analysis
Expected Scenario
- The GBPJPY pair has been trading sideways, settling near the 192.00 level.
- Holding above the minor bullish channel’s support line at 191.15 could confirm a bullish scenario targeting 192.55 and 192.85 levels.
Expected Outcome
A decline below the support and a negative close could indicate a move towards the bearish track, with potential losses starting at 190.35 and 189.10.
Expected Trading Range
Between 191.50 support and 192.85 resistance.
Trend Forecast: Bullish
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