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The GBPJPY under the negative effect – Analysis – 25-1-2024
The GBPJPY pair has no escape from resuming the negative attempts by providing new closings below the main resistance 189.50, in addition to stochastic continuous negative momentum by approaching 50 level, thus, we will keep waiting to confirm breaking the initial support 187.30 and open the way resume the negative attack, reminding you that the initial targets located at 186.55 followed by reaching 185.15 to press on 38.2% Fibonacci correction level that appears on the chart.
The expected trading range for today is between 188.10 and 186.55
The expected trend for today: Bearish
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