Hello all have a look gbp/jpy for today
The gbp/jpy pair did not succeed to hold above 146.60 level yesterday, to stay hesitant against the available options, as settling above the bullish channel’s support at 144.50 supports the preparation to build strong positive trades, while the moving average 55 at 147.50 supports the bearish correction attempts for now.Therefore, i prefer staying aside for the near term trading and monitor the price behavior until confirming the main trend and avoid any losses that might appear due to the unstable fluctuations, reminding you that holding above 146.60 will increase the chances of forming strong positive trading to manage to surpass the moving average 55 and start recording positive targets by rallying towards 48.15 and 149.30 levels.trading range for today is between 145.30 and 146.60trend for today Neutral
Good luck all cheers
The gbp/jpy pair did not succeed to hold above 146.60 level yesterday, to stay hesitant against the available options, as settling above the bullish channel’s support at 144.50 supports the preparation to build strong positive trades, while the moving average 55 at 147.50 supports the bearish correction attempts for now.Therefore, i prefer staying aside for the near term trading and monitor the price behavior until confirming the main trend and avoid any losses that might appear due to the unstable fluctuations, reminding you that holding above 146.60 will increase the chances of forming strong positive trading to manage to surpass the moving average 55 and start recording positive targets by rallying towards 48.15 and 149.30 levels.trading range for today is between 145.30 and 146.60trend for today Neutral
Good luck all cheers
