The GBPJPY prepares to decline – Forecast today – 27-3-2024
Economies.com
2024-03-27 05:31AM UTC
GBPJPY Pair Analysis
The GBPJPY pair still confined with many negative factors, such as the frequent stability below 192.20 barrier, in addition to stochastic negative momentum signals that declines below 50 level.
- These factors confirm surrendering to the domination of the correctional bearish bias, to keep waiting to attack the first target at 190.15.
- Breaking it might extend losses towards 159.55 on the medium-term basis, followed by reaching 189.05 to face the additional support that appears on the chart.
The expected trading range for today is between 191.80 and 190.15.
Trend forecast: Bearish
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