The GBPJPY surrenders to the positive pressures – Analysis – 23-12-2021
Economies.com
2021-12-23 06:06AM UTC
The GBPJPY pair didn’t succeed to break 149.00 support line, to react to the positivity of the major indicators by forming strong bullish wave and surpass the additional barrier at 151.60, settling above the moving average 55 as appears on the chart.
These factors confirm postponing the bearish scenario, to increase the chances of testing the key resistance at 153.25 followed by monitoring the price behavior due to the importance of this level to detect the next main trend.
The expected trading range for today is between 151.50 and 153.25
The expected trend for today: Bullish temporarily
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