Forex

The GBPJPY needs new positive momentum – Analysis – 6-8-2020

2020-08-06 05:21:21 GMT (Economies.com)

The GBPJPY pair provided frequent sideways fluctuations by settling near 138.60, affected by stochastic attempt to exit the overbought areas, to block the previously waited bullish attack.

 

On the other hand, the continuous stability within the bullish channel besides 137.70 level forming additional support allow us to keep our bullish overview that targets 139.60 level initially, followed by reaching 140.85 on the medium term period.

 

The expected trading range for today is between 137.70 and 139.60

 

The expected trend for today: Bullish

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.