The GBPJPY tests the support – Analysis – 3-8-2021
Economies.com
2021-08-03 05:20AM UTC
The GBPJPY pair formed correctional bearish wave yesterday to test the additional support 151.50 and face the moving average 55 as appears on the chart.
The upcoming scenario depends on the strength of the current support, to expect starting to rally upwards and target 153.00 followed by 153.90 levels, while crawling below the current support and settling below the moving average 55 will cancel the positive overview to start suggesting the correctional bearish attempts that might target 150.75 followed by 148.80 levels.
The expected trading range for today is between 151.50 and 153.00
The expected trend for today: Bullish
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