The GBPJPY still confined – Analysis – 9-9-2021

The GBPJPY pair failed to breach 152.20 barrier, to hinder the bullish attempts and notice forming temporary negative rebound and continue fluctuating within the sideways range represented by the mentioned resistance and 151.30 support.

Therefore, we will keep our neutrality, waiting to surpass one of the major levels to manage to detect the expected targets for the upcoming period, noting that crawling below the sideways track’s support line will force it to form new negative rebound, to suffer many losses by targeting 151.40 followed by reaching the bullish channel’s support line at 149.50.

The expected trading range for today is between 151.30 and 152.30

The expected trend for today: Neutral