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GBPJPY 08.01.2021
Overview:
The above chart shows that the pair is trading below a strong resistance level around 141.20, which enhances the downside chances during today's trading.
Expected:
Continuing to trade below the aforementioned resistance level, may push the pair down to 140.35
Alternative Scenario:
On the other hand, we think that if the level of 141.20 is broken to the upside, this pair might push further to the upside, to 141.70.
| Resistance | 141.20 | 141.60 | 141.86 |
| Support | 140.35 | 140.15 | 140.00 |
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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