The GBPJPY needs new momentum – Analysis – 31-5-2023
Economies.com
2023-05-31 05:41AM UTC
The GBPJPY pair started to form some correctional negative fluctuation after achieving 174.25 level, affected by stochastic attempt to exit the overbought areas, to force it to suffer intraday losses and settle near 173.10.
We expect to form more temporary negative attempts to test the additional support near 172.50 followed by attempting to gather the positive momentum to manage to activate the bullish track again and reach the next main target at 174.75.
The expected trading range for today is between 172.50 and 173.80
The expected trend for today: Bullish
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