The GBPJPY is hesitant – Analysis – 22-11-2019

Economies.com
2019-11-22 10:04AM UTC

The GBPJPY pair became hesitant recently due to its consolidation within the bullish channel, while stochastic continues to contradict the bullish attempts by declining below 50 level, expecting the price to continue forming sideways fluctuation until gathering the additional positive momentum to ease the attempt to reach the positive targets at 141.50 followed by 142.60.

 

We should note that attempting to break the initial support 139.40 will confirm postponing the bullish attack to start providing correctional bearish trades to force the price to suffer some losses by moving towards 138.80 and 137.60 levels.

 

The expected trading range for today is between 139.40 and 141.50

 

The expected trend for today: Bullish

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