The GBPJPY settles below the barrier – Analysis – 22-9-2022

The GBPJPY pair repeated the fluctuation below the additional barrier at 164.60, to increase the chances of providing correctional bearish trades, also, stochastic continues to fluctuate within the oversold areas and provide negative momentum, to increase the chances of crawling towards the negative stations that start at 162.80 and 162.35.

We remind you that the bullish bias attempt requires getting positive close above 164.60 level, to expect forming strong bullish attack and target 165.70 followed by 166.35 levels initially.

The expected trading range for today is between 164.60 and 162.35

The expected trend for today: Bearish