The GBPJPY holds above the initial support – Analysis – 7-1-2021

Economies.com
2021-01-07 07:02AM UTC

The GBPJPY pair repeated providing positive closings above the initial support 139.30, to reinforce the bullish track that depends on the price stability within the bullish channel that appears on the chart.

 

We assure the importance of gathering the positive momentum to assist to renew the bullish attempts that target 140.70 followed by 142.00 levels in the upcoming period.

 

The expected trading range for today is between 139.30 and 142.00

 

The expected trend for today: Bullish

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