GBPJPY Price Analysis
Expected Scenario
- The GBPJPY pair provided positive signal yesterday by providing strong pressures on 194.20 barrier, to notice the attempt to achieve some gains by touching 194.50 level, assuring the importance of closing the next four hours’ candlestick above the current barrier to confirm its preparation to resume the bullish attack, which allows it to reach 194.95 and 195.70 levels.
- On the other hand, failing to hold above the current barrier might force it to form temporary correctional rebound, to suffer some losses by crawling towards 193.55 followed by reaching the first additional support at 193.00.
Expected Trading Range
Between 193.70 and 194.95
Trend Forecast: Bullish