The GBPJPY surrenders to the strength of the barrier – Analysis – 22-8-2019
Economies.com
2019-08-22 07:09AM UTC
The GBPJPY pair succeeded to surpass the positive pressures, to keep its negative stability below the barrier at 130.00 level, to increase the chances for renewing the negative attempts, therefore, we will begin preferring the negative trading to target 128.10 level, then attempt to press on the support at 126.50.
While the price rally above the current resistance will force it to form a new bullish correctional trading, to target positive levels that begin at 131.70 reaching to the critical resistance at 133.00.
The expected trading range for today is between 130.00 and 128.10
The expected trend for today: Bearish
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