Forex

The GBPJPY jumps above the resistance – Analysis – 22-10-2020

2020-10-22 05:32:06 GMT (Economies.com)

The GBPJPY pair rallied upwards strongly to notice breaching the minor bullish channel’s resistance at 137.30 today, to confirm moving into the bullish track and allows us to start suggesting the bullish attempts.

 

Stochastic reach to the overbought areas supports the current positive overview, due to providing new positive momentum, to expect targeting 138.22 followed by reaching the key resistance at 139.60.

 

The expected trading range for today is between 137.30 and 138.22

 

The expected trend for today: Bullish

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