Forex

The GBPJPY attempts to resume the positivity – Analysis – 25-11-2020

2020-11-25 06:51:07 GMT (Economies.com)

The GBPJPY pair attempted to provide new positive trades by settling above 139.40 to reinforce the bullish track that might target 140.65 level mainly, which represents the extension to the historical resistance that appears on the chart.

 

Achieving this requires getting additional positive momentum, assuring the stability above 138.40 level to manage to surpass 139.90 level and reach the mentioned target without facing any losses caused by forming correctional bearish rebound.

 

The expected trading range for today is between 139.00 and 140.65

 

The expected trend for today: Bullish

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