GBPJPY Intraday analysis on dated 01-06-2022

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GBPJPY analysis on dated 01 June 2022. It’s following bullish move today. We are trading at over bought extremes. Although the bulls are in control, the stalling positive momentum indicates a turn around is possible. Buy area 161.500 and It’s below side.

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  • A lower correction is expected.
  • The bias is still for higher levels and we look for any dips to be limited.
  • Preferred trade is to buy on dips.
Target TP: 162.500 and 163.500