The GBPJPY settles below the resistance – Analysis – 27-1-2022
Economies.com
2022-01-27 08:43AM UTC
The GBPJPY pair confirmed surrendering to the domination of the bearish bias by providing new negative close below 154.85 resistance, forming new negative wave to settle near 154.00.
We expect to gather the additional negative momentum to decline below the moving average 55 at 153.30, to open the way to reach the main negative stations that start at 152.25 and 151.60.
The expected trading range for today is between 154.50 and 152.25
The expected trend for today: Bearish
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