The GBPJPY needs to confirm the breach – Analysis – 9-8-2022
Economies.com
2022-08-09 05:57AM UTC
The GBPJPY pair touched 163.85 level, while bouncing below 163.45 barrier will hinder the bullish rally for now to notice its consolidation near 163.00, recommending to monitor the price behavior and wait to get positive close above the current barrier to reinforce the continuation of the positivity that might target 164.05 initially followed by reaching 164.75.
On the other hand, the continuous fluctuation below 163.45 will increase the chances of forming new negative trades that might push the price to test the additional support at 162.00 before recording any new positive target.
The expected trading range for today is between 162.60 and 164.05
The expected trend for today: Bullish
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