The GBPJPY settles below the resistance – Analysis – 15-1-2021
Economies.com
2021-01-15 08:02AM UTC
The GBPJPY pair provided daily negative close below the bullish channel’s resistance at 142.45, to block the bullish attack and increase the chances of forming correctional bearish trades soon, while stochastic attempt to exit the overbought areas will push the price to visit 140.95 initially, followed by reaching 139.30 in the upcoming period.
On the other hand, succeeding to breach the current resistance will open the way to form strong bullish trades and target new positive levels that might extend to 142.95 followed by 144.05.
The expected trading range for today is between 142.45 and 141.00
The expected trend for today: Bearish
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