The GBPJPY presses on the barrier again – Analysis – 22-1-2020

The GBPJPY pair confirmed its affection by the domination of the bullish bias due to forming new bullish wave to press on 143.80 barrier, expecting to gather new positive momentum and jump above this barrier to start achieving new positive targets that might start at 145.60 followed by 147.45.

The risks of changing the main trend will appear in case the price attempted to break the main bullish channel’s support line at 142.40, which will open the way to form strong negative attack to target 141.15 followed by reaching 61.8% Fibonacci correction level at 140.25.

The expected trading range for today is between 143.00 and 145.60

The expected trend for today: Bullish