The GBPJPY is slow – Analysis – 28-6-2022
Economies.com
2022-06-28 05:19AM UTC
The GBPJPY pair formed slow trades recently, affected by the contradiction of the moving average 55 positivity against stochastic negative momentum signals, to consolidate near 166.40 level today.
Note that the stability of the mentioned barrier will increase the chances of renewing the correctional bearish attempts that might target 164.80 and 164.10 levels, while breaching the barrier and holding above it will allow it to renew the positive attempts to move towards 167.30 direct, followed by reaching 168.70 recorded high.
The expected trading range for today is between 166.40 and 164.90
The expected trend for today: Bearish
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