The GBPJPY leans on the moving average – Analysis – 23-4-2019
Economies.com
2019-04-23 06:43AM UTC
The GBPJPY pair confirmed keeping the correctional bullish attempts by providing new positive close above the moving average 55, located at 144.80, to increase the chances of achieving the correctional targets at 146.60 followed by reaching the bearish channel’s resistance at 148.00.
The risks of changing the current trend will appear when attempting to crawl below the moving average 55, as it will renew the negative pressures and force the price to suffer many losses by moving towards 143.70 followed by 142.10.
The expected trading range for today is between 144.80 and 146.60
The expected trend for today: Bullish
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