The GBPJPY is weak – Analysis – 16-5-2022
Economies.com
2022-05-16 04:55AM UTC
The GBPJPY pair remains affected by the bearish correctional bias domination by providing repeated negative closes below the extra barrier at 159.60, besides the attempt of providing negative momentum by the main indicators, which makes us keep preferring the negative suggestion in the current period, waiting for reaching 156.20 and 155.00.
The expected trading range for today is between 158.40 and 156.20
The expected trend for today: Bearish
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