The GBPJPY resumes rising – Analysis – 8-7-2020
Economies.com
2020-07-08 05:26AM UTC
The GBPJPY pair succeeded to surpass the moving average 55 that formed additional barrier at 134.55, to start recording some new targets by reaching 135.40, while the major indicators provide the positive momentum, allowing us to suggest rallying above 135.70 level soon to manage to renew the pressure on 50% Fibonacci correction level at 136.65 as a next target.
The expected trading range for today is between 134.50 and 135.70
The expected trend for today: Bullish
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