GBPJPY affected by 23.6% Fibonacci level – Analysis – 7/7/2015
Economies.com
2015-07-07 07:13AM UTC
The GBPJPY pair couldn’t resume the bearish attempts due to facing 23.6% Fibonacci level around 189.35 – this correction is for the bullish wave from 168.07 to 195.60 -, to notice rallying towards 191.50 level again.
In general, holding below the moving average 55 – which is located at 192.40 – for today supports the domination of the negativity for the upcoming period, to expect attempting to push on 189.35 level again until succeeding to break this level followed by resuming the bearish bias.
Expected trading range for today is between 192.40 and 189.35
Expected trend for today: Bearish
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