The GBPJPY prepares for new rise – Analysis – 12-5-2021
Economies.com
2021-05-12 07:17AM UTC
The GBPJPY pair provided new positive close above 152.90 yesterday, to form additional support against the bullish trades in order to reinforce the bullish track that targets the bullish channel’s resistance at 154.80.
On the other hand, attempting to crawl below the current support will postpone the bullish attack and start gaining profits, which allows us to wait to reach 151.80 before recording any new positive target.
The expected trading range for today is between 152.90 and 154.80
The expected trend for today: Bullish
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