The GBPJPY hovers around the resistance – Analysis – 31-1-2020
Economies.com
2020-01-31 07:42AM UTC
The GBPJPY pair returned to form new positive rebound yesterday to approach 143.10 resistance that forms the key line between renewing the negative attempts if it remained intact, or regaining the bullish bias after breaching it.
The current stability of the mentioned resistance allows us to continue suggesting the negative trades that target 141.40 initially, while succeeding to jump above this level will increase the chances of targeting new positive levels that might start at 143.75 followed by 145.60.
The expected trading range for today is between 143.10 and 141.40
The expected trend for today: Bearish
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