The GBPJPY gathers negative momentum – Analysis – 23-12-2020
Economies.com
2020-12-23 05:54AM UTC
The GBPJPY pair gathered new negative momentum yesterday by stochastic approach to 50 level, to keep its negative stability below the main barrier at 140.30, in additional to 61.8% Fibonacci correction level forming additional barrier at 139.30.
Therefore, we expect the continuation of the correctional bearish bias domination to expect attacking the moving average 55 at 137.50 soon, followed by attempting to test the bullish channel’s support line at 136.25.
The expected trading range for today is between 139.30 and 137.50
The expected trend for today: Bearish
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