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

2020-11-30 06:36:34 GMT (

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

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