GBPJPY is slow – Analysis – 9-1-2017

The GBPJPY didn’t provide any new until this moment, in spite of its stability within the bearish channel’s levels and exactly below the moving average 55, in general, the bearish expectation will remain valid if 144.30 level settled, to wait for forming negative attack that targets 142.80 level reaching to 142.00 level in the near and medium period.

Note that the price attempt to breach the current resistance and providing positive close might force it to form a strong bullish rally to target 145.50 level, which forms a positive station.

Expected trading range for today is between 163.65 and 160.00

Expected trend for today: bearish.