The GBPJPY tests the support – Analysis – 21-9-2021
Economies.com
2021-09-21 04:23AM UTC
The GBPJPY pair succeeded to test the main bullish channel’s support line at 149.18, to form solid obstacle against the negative attack, noticing the beginning of forming bullish rebound to settle near 149.80.
The frequent stability above the support will increase the chances of renewing the bullish attempts that might target 150.55 followed by 151.30 levels, while crawling below the current support will confirm moving to the bearish track, to expect suffering big losses by moving towards 148.60 and 147.90.
The expected trading range for today is between 149.20 and 150.55
The expected trend for today: Bullish
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