The GBPJPY still bullish – Analysis – 7-6-2023
Economies.com
2023-06-07 04:36AM UTC
Despite the negative pressures that the GBPJPY pair faced yesterday and forming bearish wave, that didn’t affect the main stability due to the frequent consolidation above the bullish channel’s support line at 172.40.
These factors allow us to wait to gather the positive momentum to manage to activate the bullish attack again, which will target 174.30 level initially followed by pressing on 174.75 obstacle.
The expected trading range for today is between 172.75 and 174.00
The expected trend for today: Bullish
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