The GBPJPY prepares to decline – Analysis – 4-6-2021
Economies.com
2021-06-04 07:07AM UTC
The GBPJPY pair repeated the weak sideways trading affected by the contradiction between the major indicators recently, while the frequent stability below 154.50 resistance and stochastic attempt to provide negative momentum increase the chances of forming correctional bearish waves, waiting to record 154.40 and 153.00 levels.
On the other hand, rallying above the mentioned resistance confirms moving into new bullish track, to manage to resume the rise and target 157.40 and 159.30 levels.
The expected trading range for today is between 156.00 and 154.40
The expected trend for today: Bearish
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