GBPJPY attempts to renew the negative attack – Analysis – 28-7-2017

The GBPJPY pair repeated providing negative close below the main resistance level at 147.60 level, to confirm the domination of the bearish bias domination, by the above image, we notice stochastic attempt to form new bearish wave that opens the way towards gathering new negative momentum, which supports the attempt of renewing the negative attack, that targets 14.30 level as a first negative station, then wait until reaching the critical support at 141.40.

Note that surpassing 144.60 level for today is important to confirm surpassing the sideways fluctuation, to open the way towards resuming the negative attack and achieving the suggested targets.

Expected trading range for today is between 147.00 and 143.50

Expected trend for today: Bearish