Forex

The GBPJPY might be forced to decline – Analysis – 30-11-2020

2020-11-30 06:36:34 GMT (Economies.com)

The GBPJPY pair faced sudden negative pressures recently, to postpone the bullish attack by crawling below 61.8% Fibonacci correction level at 139.36, thus, we expect forming temporary correctional bearish rebound that might target 137.00 support line before recording any new positive target.

 

Also, we should note that stochastic exit from the overbought areas will increase the negative pressures on the price to confirm postponing the bullish attack and attempt to touch the mentioned support.

 

The expected trading range for today is between 139.30 and 137.40

 

The expected trend for today: Bearish temporarily

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.