The GBPJPY settles within the correctional track – Analysis – 22-11-2021
Economies.com
2021-11-22 07:25AM UTC
The GBPJPY pair achieved the first correctional target by reaching 154.44 level followed by bouncing above the moving average 55, to hinder the attempt to test the main bullish channel’s support line at 151.80.
We remind you that the negative track will remain valid as long as 154.50 barrier remains intact, waiting to gather the additional negative momentum and manage to test the mentioned major support followed by monitoring its behavior due to the importance of this support to detect the next trend.
The expected trading range for today is between 154.00 and 151.85
The expected trend for today: Bearish
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