The GBPJPY fluctuates within the bearish channel – Analysis – 21-10-2020

2020-10-21 05:33:22 GMT (

Despite the GBPJPY pair’s attempt to form some correctional bullish trades recently, its main stability within the minor bearish channel along with the stability of 137.05 resistance allow us to wait to gather the negative momentum again, to manage to resume the negative attack until reaching 135.90 followed by 135.00 levels.


Note that rallying above the mentioned resistance will confirm surrendering to the domination of the bullish bias again, to expect moving towards 137.60 followed by reaching 139.40 in the upcoming period.


The expected trading range for today is between 137.05 and 135.90


The expected trend for today: Bearish

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