The GBPJPY touches the target – Analysis – 17-3-2023
Economies.com
2023-03-17 07:09AM UTC
The GBPJPY pair succeeded to achieve the negative target at 158.60, to form solid obstacle against the negative attack and form new rebound to settle near 161.60.
The price might provide some sideways fluctuation, while the main stability below 164.50 barrier and the major indicators’ attempt to provide the additional negative momentum allow us to keep the bearish overview, waiting to target 160.20 level soon, followed by repeating the pressure on 158.60 support line in order to find a way to resume the negativity in the upcoming period.
The expected trading range for today is between 162.30 and 160.00
The expected trend for today: Bearish
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