The GBPJPY resumes the rise – Forecast today – 10-5-2024
Economies.com
2024-05-10 07:07AM UTC
GBPJPY Pair Analysis
1. Expected Scenario
- GBPJPY pair achieves positive close above 194.20 intraday obstacle.
- Confirmation of surrender to previously suggested bullish bias.
- First additional target reached at 195.10.
- Positive momentum anticipated to resume rise towards 195.75 and 196.50 targets.
- Importance of maintaining above 194.20 to avoid unexpected bearish correction.
2. Expected Trading Range
- Anticipated trading range today: Between 194.70 support and 196.50 resistance.
Trend Forecast: Bullish
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