The GBPJPY postpones the decline – Analysis – 20-1-2021
Economies.com
2021-01-20 06:11AM UTC
The GBPJPY pair postponed the correctional decline due to stochastic positive momentum signals, to settle near 141.65, expecting to confine trades between the bullish channel’s resistance at 142.60 and 140.65 additional support.
Therefore, we recommend staying aside today, noting that attempting to breach the mentioned resistance will reinforce the domination of the bullish bias, targeting 144.10 as a first station, while declining below the initial support will open the way to resume the correctional attack and wait to reach 139.30 initially.
The expected trading range for today is between 142.60 and 140.65
The expected trend for today: Neutral
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