The GBPJPY hits the second target– Analysis – 1-8-2022
Economies.com
2022-08-01 06:12AM UTC
The GBPJPY pair resumed forming bearish correctional trading, affected by the stability of the extra barrier at 163.40 besides stochastic reach to 20 level, to notice recording the second negative target at 161.35.
Note that the price success to settle below the moving average 55, so that will assist renewing the negative attempts, to suffer more of the losses by reaching 160.70 followed by 50 % Fibonacci correction level near 159.85.
The expected trading range for today is between 162.25 and 160.70
The expected trend for today: Bearish
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