GBPJPY crawls negatively – Analysis – 3/7/2015
Economies.com
2015-07-03 08:20AM UTC
The GBPJPY pair was affected by the strength of the moving average 55, to notice its forming to some negative waves and reach 191.80 level, agreeing our bearish overview, and that makes us wait to reach the initial target at 190.80 that forms 23.6% Fibonacci level.
Stochastic settles above 20 level attempting to get new negative momentum that agrees the bearish overview and support the attempt to reach our waited target.
Expected trading range for today is between 192.80 and 190.85
Expected trend for today: Bearish
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