The GBPJPY surrenders to the negative pressures – Analysis – 7-7-2022
Economies.com
2022-07-07 05:35AM UTC
The GBPJPY pair touched 160.40 level yesterday to face the moving average 55 that formed the first additional negative target for the bearish track, while the current rebound won’t affect the correctional bearish overview depending on the strength of 164.60 barrier.
Therefore, we will keep waiting the effect of the negative pressures to increase the chances of crawling below the moving average 55 and reach the next correctional target at 159.55.
The expected trading range for today is between 162.80 and 160.00
The expected trend for today: Bearish
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