The GBPJPY presses on the resistance – Analysis – 28-1-2022
Economies.com
2022-01-28 07:43AM UTC
The GBPJPY pair reacted to stochastic positivity yesterday, forming new bullish wave, to repeat the pressure on 154.90 resistance, reminding you that the upcoming scenario depends on the strength of this resistance, to expect renewing the negative attack and targeting 153.40 followed by 152.25 as long as that resistance remains intact.
On the other hand, succeeding to breach the resistance and holding above it supports the attempt to regain the bullish bias, to settle within the bullish channel and start achieving the positive gains by rallying towards 156.05 initially.
The expected trading range for today is between 155.00 and 153.40
The expected trend for today: Bearish
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