The GBPJPY under the negative pressure – Analysis – 27-6-2022
Economies.com
2022-06-27 05:07AM UTC
The GBPJPY pair faced frequent negative pressures recently due to stochastic negative crawl towards 50 level, to force it to fluctuate below the initial barrier at 166.00 in order to reinforce the domination of the correctional bearish bias.
These factors allow us to keep the negative overview, to attempt to reach the negative stations at 164.10 followed by testing the additional support at 163.40, while breaching the mentioned barrier will assist to reinforce the bullish track to push it to reach 167.10 direct as a first target for the bullish track.
The expected trading range for today is between 166.00 and 164.10
The expected trend for today: Bearish
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