GBPJPY Intraday analysis on dated 01-06-2022



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.



  • 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