The GBPJPY began with a positive action– Analysis – 17-5-2022
Economies.com
2022-05-17 05:07AM UTC
The GBPJPY pair suffered negative pressures by its stability above 157.60, surpassing the moving average 55, achieving some gains by its rally to 159.70.
The main stability within the bullish channel’s levels and the continuation of providing positive momentum by the main indicators, so that makes us begin preferring the bullish attempts in the near and medium period, to expect reaching 160.50, then begin pressing on 38.2% Fibonacci correction level near 161.65.
The expected trading range for today is between 158.60 and 160.50
The expected trend for today: Bullish
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