GBPJPY ends the positive stability – Analysis – 11-8-2017

The GBPJPY pair provided more of the negative trading to settle below the support level at 142.00 easing the attempts for the expected positive stability, note that the stability of the broken support and forming new resistance will confirm the stability of the price within new negative track, to expect suffering several losses by reaching 140.35 and 138.50.

The stability of the moving average 55 above the current trading increases the negative pressure, which agrees with stochastic stability within the oversold level, to expect gathering new negative momentum, to confirm the attempts to reach the suggested targets.

Expected trading range for today is between 142.00 and 140.35

Expected trend for today: Bearish