The GBPJPY presses on the support – Analysis – 22-9-2021

The GBPJPY pair didn’t succeed to resume the bullish attack, to notice renewing the pressure on the bullish channel’s support line at 149.15, affected by stochastic negativity.

The next scenario depends on the strength of the current support, to expect forming strong bullish trades that might extend towards 150.55 and 151.30, while crawling below the support confirms moving to the bearish track, to expect suffering big losses by moving towards 148.60 and 147.90.

The expected trading range for today is between 149.00 and 150.55

The expected trend for today: Bullish