The GBPJPY presses on the resistance – Analysis – 24-12-2020
Economies.com
2020-12-24 07:03AM UTC
The GBPJPY pair formed clear positive rally to face the historical resistance 140.35, while the next scenario depends on the strength of this resistance, to expect surpassing it and form new bullish rally to target 140.90 followed by reaching the minor bullish channel’s resistance at 141.70.
On the other hand, failing to achieve the required breach will force the price to renew the negative fluctuation, to attempt to test 139.30 before recording any new positive target.
The expected trading range for today is between 139.30 and 140.90
The expected trend for today: Bullish
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