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The GBP/JPY pair continued to provide mixed trades due to the contradiction between the major indicators. We noticed testing the additional support at 181.50 recently and holding above it. At the same time, the upcoming scenario depends on the strength of this support line, as its stability allows us to expect it to start to form some bullish waves to target 182.60, followed by an attempt to renew the pressure on the 183.50 barrier.
Facing new negative pressures and crawling below the mentioned support will force the price to activate the correctional bearish track again and suffer additional losses that might extend towards 180.80, followed by reaching the MA55 at 180.10 soon. The expected trading range for today is between 181.60 and 182.60.
Facing new negative pressures and crawling below the mentioned support will force the price to activate the correctional bearish track again and suffer additional losses that might extend towards 180.80, followed by reaching the MA55 at 180.10 soon. The expected trading range for today is between 181.60 and 182.60.