The GBPJPY provides new negative close – Analysis – 21-7-2021
Economies.com
2021-07-21 05:08AM UTC
Despite the GBPJPY pair’s fluctuation yesterday, its frequent negative consolidation below 150.45 barrier confirms postponing the bullish attack, to increase the chances of forming correctional bearish wave soon, to target 147.80 followed by reaching the main bullish channel’s support line at 146.60.
Regaining the bullish bias needs positive close above 151.80 barrier, to manage to resume the main bullish attack, expecting to rally towards 154.00 and 155.35 levels.
The expected trading range for today is between 150.40 and 147.80
The expected trend for today: Bearish
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