The GBPJPY loses the positive momentum – Analysis – 13-1-2022
Economies.com
2022-01-13 05:56AM UTC
The GBPJPY pair lost the positive momentum recently after stochastic exit from the overbought areas, to force it to postpone the bullish rally and continue fluctuating below 157.40 barrier, to notice forming sideways fluctuation near 157.00.
We remind you that it is important to monitor the price behavior and wait to surpass one of the sideways track’s lines; represented by the mentioned resistance and 156.00 support to manage to detect the next expected targets.
The expected trading range for today is between 156.00 and 157.40
The expected trend for today: Sideways
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