The GBPJPY repeats the sideways fluctuation – Analysis – 16-6-2021
Economies.com
2021-06-16 05:26AM UTC
No news for the GBPJPY pair despite its consolidation within the bullish channel and the positive momentum coming by the major indicators, affected by the temporary sideways range represented by 155.65 resistance and 154.30 support.
These factors allow us to continue with our neutrality, noting that breaching the resistance will push the price to record new positive targets that might extend towards 156.30, while breaking the support will activate the correctional bearish track that targets 153.00 and 151.80 levels.
The expected trading range for today is between 155.65 and 154.30
The expected trend for today: Neutral
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