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The GBPJPY is forced to decline – Analysis – 11-9-2023
The GBPJPY pair surrendered to the negative pressures caused by stochastic reach to 20 level, forming new bearish wave to settle below the additional support at 183.50, to notice suffering clear losses by reaching 182.90.
In case the price continued to face the negative pressures, it might force it to break 182.65 level, to force it to exit the minor bullish channel, to start targeting new correctional stations that might extend towards 181.90 and 181.30, while renewing the bullish attack requires providing new positive close above 183.50, to assist to reinforce the chances of recording new gains by rallying towards 185.25.
The expected trading range for today is between 183.40 and 182.65
The expected trend for today: Bearish
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