The GBPJPY exits the bullish track – Analysis – 27-1-2020
Economies.com
2020-01-27 07:56AM UTC
The GBPJPY pair faced strong negative pressures on last Friday, to notice forming negative attack and settling below 142.70 level that forms the extension of the main bullish channel’s support line.
Note that the continuous fluctuation below the broken support confirms surrendering to the bearish bias domination, to expect gathering the additional negative momentum by stochastic reach to 20 level to start targeting new negative levels by moving towards 141.40 and 140.25 levels.
The expected trading range for today is between 142.70 and 141.40
The expected trend for today: Bearish
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