The GBPJPY still bullish – Analysis – 5-8-2020
Economies.com
2020-08-05 05:28AM UTC
No change to the GBPJPY pair’s bullish track despite forming temporary negative rebound recently, due to its continuous consolidation within the bullish channel, also, 137.70 level continues to form additional support, which allows us to wait to gain the positive momentum and push the price to reach 139.60 level, while surpassing it might extend trades towards 140.85 in the upcoming period.
The expected trading range for today is between 137.70 and 139.60
The expected trend for today: Bullish
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