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The GBPJPY touches the first target – Analysis – 24-1-2024
The GBPJPY pair repeated the negative closings, affected by the stability of the major resistance at 189.25, to notice forming bearish wave yesterday and touch the first negative target at 187.30 and settles above it.
Now, stochastic exit from the overbought areas will increase the chances of gaining the additional negative momentum to ease the mission of breaking 187.30 level and start targeting new negative stations, waiting to reach 186.40 and 1855.55 levels.
The expected trading range for today is between 188.45 and 186.40
The expected trend for today: Bearish
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