Forex

The GBPJPY tends to resume the bullish correction – Analysis – 17-2-2020

2020-02-17 07:47:36 GMT (Economies.com)

The GBPJPY pair’s frequent stability above 142.30 level confirmed its preparation to renew the correctional bullish attempts that might target 143.80 followed by reaching 144.55 in the upcoming period.

 

We should note that attempting to crawl below 142.30 support would cancel the positive overview to start forming strong negative trades that might push the price to decline towards 140.25 to form the first negative station for the bearish bias.

 

The expected trading range for today is between 142.70 and 143.80

 

The expected trend for today: Bullish

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