GBPJPY achieves the negative target – Analysis – 20-2-2017

Economies.com
2017-02-20 07:44AM UTC

The GBPJPY price confirmed its affection by the negative pressures in last Friday, to notice its attraction to the support at 140.30, which formed the waited target in the previous report, the upcoming scenario depends on the strength of the current support, and its stability makes us expect renewing the bullish attempts, to repeat the pressure on 142.50 level, attempting to resume the bullish attack in the upcoming trading.

 

While the price affection by new negative pressures and providing negative close below the current support, so that will put the price under new negative pressure that forces it to suffer new losses by reaching 138.80 and 137.65.

 

Expected trading range for today is between 140.30 and 142.50

 

Expected trend for today: bullish.

 

 

 

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