The GBPJPY holds above the support – Analysis – 6-1-2020
Economies.com
2020-01-06 07:17AM UTC
The GBPJPY pair ended the bearish scenario by providing clear positive close above the bullish channel’s support line at 140.75, attempting to create new chances to renew the bullish attempts to target 142.55 followed by 143.80 levels in the near term and medium term period.
On the other hand, crawling below the mentioned main support and holding below it will confirm forming strong negative trades, to expect suffering big losses that might start at 139.60 followed by 137.60.
The expected trading range for today is between 140.75 and 142.55
The expected trend for today: Bullish
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