Overview
There is no news for the GBP/JPY price as the pair is poised to follow the bear bias. The pair reached the initial resistance in the expected trading range for today between 129.60 and 126.10 since early trading. You should note that surpassing this resistance will open the way towards testing 129.60 level before achieving any expected downward target. The main scenario will remain bearish if the main resistance is held at 129.60. This supports our overview for the price attempt to reach the initial target at 124.60 and then continue trading towards 120.90. The expected trading range is between 129.60 and 126.10
The material has been provided by InstaForex Company – www.instaforex.com
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