The GBPJPY takes a breath – Analysis – 19-1-2021
Economies.com
2021-01-19 06:25AM UTC
The GBPJPY pair touched 140.35 level recently, noticing its bullish rally to attempt to take a breath and gather the negative momentum again, reminding you that the correctional bearish scenario will remain valid as long as 142.80 extended resistance remains intact, to increase the chances of reaching the negative stations located around 140.00 and 139.30.
The above chart shows that stochastic continues to provide the negative momentum, to agree our bearish overview and increase the chances of reaching the suggested main targets.
The expected trading range for today is between 141.90 and 140.00
The expected trend for today: Bearish
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