The GBPJPY remains bullish – Analysis – 16-12-2019
Economies.com
2019-12-16 08:01AM UTC
The GBPJPY pair formed a bearish correctional rebound in Friday’s trading as we expected, to hit 145.30 level, which represents an extra support for the main bullish trading, and the stability of the price within the main bullish channel levels makes us keep the positive expectations until the price rally to 147.25 reaching to the resistance at 148.15.
Note that the price attempt to decline below the extra mentioned support will delay the bullish attack, which forces it to suffer some losses by forming a new negative rebound, targeting 143.60 level that represents a main support for the positive trading.
The expected trading range for today is between 145.35 and 147.25
The expected trend for today: Bullish
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