The GBPJPY settles below the resistance – Analysis – 22-1-2021

Economies.com
2021-01-22 07:42AM UTC

No news for the GBPJPY pair price until now, due to its negative repeated stability below the resistance at 142.40, which increase the chances for forming a bearish correctional attack that targets 141.00 and 140.35.

 

Note that the price attempt to breach the current resistance will confirm its move to a new bullish track, to expect reaching 143.70 and 145.00.

 

The expected trading range for today is between 142.40 and 140.35

 

The expected trend for today: Bearish

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