Overview
The GBP/JPY pair ended its positive fluctuation yesterday by providing new negative close below the key resistance at 147.60. Thus, the main outlook will remain bearish unless breaching this resistance, we will wait for the price to move towards the first target at 143.30 followed by attempting to test the main support at 141.40. We should note that breaching the mentioned key resistance will end the bearish bias domination and start building new bullish bias and recording more positive targets that start at 148.80 followed by 150.95. The expected trading range for today is between 146.60 and 143.30.
The material has been provided by InstaForex Company - www.instaforex.com
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