The GBPJPY hovers around the resistance – Analysis – 30-3-2021
Economies.com
2021-03-30 05:17AM UTC
The GBPJPY pair ended its last positive rebound by touching 151.90 resistance, to confirm its preparation to form correctional bearish trades as long as it remains intact below this level, while the negative momentum signals allow us to suggest moving towards 149.85 followed by attempting to reach the first main target at 147.80.
Note that attempting to rally above the current resistance will postpone the decline temporarily until touching the additional barrier at 152.90 followed by starting to decline and record the suggested targets.
The expected trading range for today is between 152.00 and 149.85
The expected trend for today: Bearish
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