GBPJPY forced to fluctuate- analysis- 1/9/2015

The GBPJPY affected recently by some negative pressure by stability of the moving average near 190.00, to notice forming some negative trading by approaching from 185.00 level, noting that the continuation of the negative pressure might force the price to hit the main support located at 182.80 to begin to attack positively until reaching the moving average 55.

You should mention that the price attempt to settle below the main mentioned support will cancel the bullish overview, to begin forming bearish bias by targeting first 177.30 level.

Expected trading range is between 183.00 and 187.30

Expected trend for today: fluctuated within the bullish level.