The GBPJPY records some targets – Analysis – 26-3-2020
Economies.com
2020-03-26 08:03AM UTC
The GBPJPY pair touched 133.38 level yesterday to achieve some positive targets caused by exiting the bearish track, while we do not consider the current negative rebound as a threat to the bullish track due to 129.20 level forming new support against the current trades.
Therefore, we will keep our bullish overview, noting that it is important to breach the moving average 55 at 132.75 to increase the chances of reaching new positive stations that might start at 134.50 and 135.30 levels.
The expected trading range for today is between 129.20 and 132.75
The expected trend for today: Bullish
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