The GBPJPY hits the target – Analysis – 11-5-2021

Economies.com
2021-05-11 07:16AM UTC

The GBPJPY pair resumed its bullish attack by surpassing 153.00 barrier, recording many targets by reaching 154.00, while the frequent stability above 151.80 that forms the additional support against the bullish trades and stochastic continuous positive momentum signals allow us to expect recording additional targets that might extend towards 154.80, to press on the bullish channel’s resistance that appears on the chart.

 

The expected trading range for today is between 152.90 and 154.80

 

The expected trend for today: Bullish

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