Forex

The GBPJPY records the target – Analysis –22-09-2020

2020-09-22 05:42:10 GMT (Economies.com)

The GBPJPY pair interact with the negativity of the main indicators in yesterday’s trading, to notice forming a sharp decline recording the target at 133.70, to face 38.2% Fibonacci correction level as appears in the above image.

 

we expect forming some of the sideways fluctuated moves, to increase the chances for forming extra negative momentum that allows it to break 133.70 level in order to reach extra negative stations that might begin at 131.90 reaching to 130.00, to form a psychological barrier against the negative trading.

 

The expected trading range for today is between 134.40 and 133.15

 

The expected trend for today: Bearish

 

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