The GBPJPY tests the resistance – Analysis – 15-10-2020
Economies.com
2020-10-15 05:17AM UTC
The GBPJPY pair formed strong positive rebound yesterday after recording 136.10 level, noticing its reach to 137.32 level to test the resistance and keep its negative stability below it until this moment.
Therefore, the bearish scenario will remain valid as long as 137.44 resistance remains intact, assuring the importance of crawling below 136.65 level to open the way to attempt to renew the negative attack and target 136.00 followed by 135.46 levels.
The expected trading range for today is between 137.45 and 136.00
The expected trend for today: Bearish
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