The GBPJPY tests the moving average – Analysis – 23-10-2020

2020-10-23 08:08:16 GMT (

The GBPJPY pair formed correctional bearish wave yesterday, affected by stochastic negativity, to notice testing the moving average 55 and settles above 136.41 support line.


Note that the frequent stability above the mentioned support line allows us to wait to gather the positive momentum again, to manage to renew the bullish attempts until reaching 137.70 and 138.22 levels.


The expected trading range for today is between 136.45 and 137.70


The expected trend for today: Bullish

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