The GBPJPY might target the major support – Analysis – 20-9-2021
Economies.com
2021-09-20 08:59AM UTC
The GBPJPY pair faced strong negative pressures, confirming its surrender to the domination of the correctional bearish bias, forming negative waves to settle near 150.65.
The frequent stability below 151.60 barrier and the negative momentum coming by the major indicators allow us to suggest more decline, to target the main bullish channel’s support line at 150.10, followed by monitoring the price behavior due to the importance of this level to detect the next main trend.
The expected trading range for today is between 151.30 and 150.10
The expected trend for today: Bearish
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