Category: Forex News, News
The GBPJPY confirms the negativity – Forecast today – 22-4-2025
The GBPJPY pair provided several negative closes in its recent trading below the critical resistance at 190.10, to interact with the negativity of the main indicators by attacking 38.2% Fibonacci correction level at 188.00.
Stochastic begin providing negative momentum will increase the chances for confirming breaking 188.00 level, which allows it to form strong bearish waves, to expect reaching 186.50, then attempt to press on the barrier near 186.10, in order to find an exit to resume the negative attack in the upcoming period trading.
The expected trading range for today is between 186.50 and 188.70
Trend forecast: Bearish
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Written by : Editorial team of BIPNs
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