Forex

The GBPJPY still confined – Analysis – 20-3-2019

2019-03-20 07:13:08 GMT (Economies.com)

The GBPJPY pair formed some positive trades yesterday, while its move between 148.60 barrier and the initial support 147.30 allows us to continue with our neutrality in the near term period.

 

We assure the importance of breaching the current barrier to resume the bullish attack, that targets 149.60 followed by 150.30 levels, while breaking the initial support will confirm surrendering to the correctional bearish bias to be forced to suffer some losses by moving towards 146.30.

 

The expected trading range for today is between 147.30 and 148.60

 

The expected trend for today: Neutral

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