The GBPJPY moves within tight range – Analysis – 19-10-2021
Economies.com
2021-10-19 07:59AM UTC
The GBPJPY pair didn’t show any new action until this moment, due to its move between 157.50 resistance and the additional support 156.55, expecting the continuation of the sideways fluctuation until surpassing one of these levels.
Note that breaching the resistance will open the way to resume the bullish attack that will allow the price to reach 158.25 and 159.10 levels direct, while crawling below the support will activate the correctional bearish track to suffer losses by moving towards 155.70 followed by reaching 154.50 support line.
The expected trading range for today is between 157.50 and 155.55
The expected trend for today: Sideways
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