The GBPJPY still bearish – Analysis – 23-3-2020
Economies.com
2020-03-23 08:30AM UTC
The GBPJPY pair attempted to end the domination of the minor bearish channel by forming strong positive wave and record 132.05, but getting a negative close below 130.65 and fluctuating below it confirmed regaining the bearish bias, to notice reaching 127.95 level recently.
This factor along with the continuous fluctuation below the mentioned barrier allow us to continue suggesting the negative trading, expecting to gather new negative momentum to reach 126.50 followed by attempting to press on 124.55 obstacle today.
The expected trading range for today is between 130.00 and 126.50
The expected trend for today: Bearish
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