The GBPJPY tests the barrier – Analysis – 23-07-2021

The GBPJPY pair affected by the main indicators’ positivity, to notice testing the extra barrier at 151.90, reminding you that the stability of this barrier will activate the bearish correctional track, to expect targeting several negative levels that might begin at 150.80 and 150.20.

While the price success to breach the current barrier and holding above it will increase the chances for regain the bullish bias, to begin forming strong bullish waves in order to record positive targets that might begin at 153.00 and 153.90 level.

The expected trading range for today is between 152.00 and 150.20

The expected trend for today: Bearish