The GBPJPY needs new positive momentum – Analysis – 20-5-2022
Economies.com
2022-05-20 05:35AM UTC
The GBPJPY pair didn’t record any new positive target until this moment, affected by the contradiction between the major indicators, to force it to provide new positive trades by settling near 159.00.
We remind you that the main stability within the bullish channel and getting frequent closings above the additional support line at 157.60 form positive factors, waiting to gain new positive momentum to ease the mission of surpassing 159.80 level to reach the positive stations that start at 160.70 and 162.40.
The expected trading range for today is between 158.40 and 160.70
The expected trend for today: Bullish
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