The GBPJPY repeats the positive attempts – Analysis – 4-8-2022
Economies.com
2022-08-04 05:52AM UTC
The GBPJPY pair reinforced the chances of renewing the bullish attempts by fluctuating above the moving average 55 recently, located near 161.70, to surpass the first positive target at 162.80.
Stochastic continuous attempt to provide the positive momentum will allow the price to resume the bullish attack, to expect moving towards 163.45 soon, assuring the importance of surpassing this obstacle to move towards the next target at 164.55.
The expected trading range for today is between 162.10 and 163.45
The expected trend for today: Bullish
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