The GBPJPY gets the positive momentum – Analysis – 5-8-2022
Economies.com
2022-08-05 08:08AM UTC
The GBPJPY pair kept its stability near the moving average 55 yesterday, represented by 161.70 level, to increase the chances of gaining the required positive momentum to resume the bullish attack.
Also, stochastic approach to 50 level will assist to activate the bullish track, to expect moving towards 162.60 followed by repeating the pressure on 163.40 obstacle in order to find a way to resume the bullish attempts in the upcoming period.
The expected trading range for today is between 161.50 and 163.45
The expected trend for today: Bullish
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