Forex

The GBPJPY renews the negative attempts – Analysis – 21-9-2020

2020-09-21 05:36:49 GMT (Economies.com)

No escape to the GBPJPY pair from resuming forming new negative trades, due to its frequent consolidation below the initial barrier 136.65, besides getting continuous negative momentum by the major indicators.

 

We expect targeting 38.2% Fibonacci correction level soon at 133.70, while surpassing it might extend losses towards 31.90 followed by reaching the psychological barrier at 130.00.

 

The expected trading range for today is between 135.85 and 133.70

 

The expected trend for today: Bearish

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