The GBPJPY hits the first target – Analysis – 26-1-2023
Economies.com
2023-01-26 06:17AM UTC
The GBPJPY pair provided new negative close by settling below 162.10 barrier, to confirm its surrender to the domination of the bearish bias by touching the first negative target at 159.30.
Stochastic begins to provide the negative momentum to increase the chances of forming new negative waves, to expect targeting 158.60 obstacle, while breaking it will extend losses towards 157.10 as a next target for the negative trades.
The expected trading range for today is between 161.30 and 158.60
The expected trend for today: Bearish
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