GBPJPY keeps the negative stability – Analysis – 6-9-2017
Economies.com
2017-09-06 07:13AM UTC
The GBPJPY pair continued to provide negative trading by consolidating below the moving average 55 that forms new resistance around 142.85, while we assure the importance of declining below the initial support at 140.30 to open the way to record more negative targets that start at 138.50.
Also, the above chart shows stochastic approach from 20 level to increase the negative pressures and allow the price to gather additional negative momentum to confirm the domination of the bearish bias.
Expected trading range for today is between 141.95 and 140.30
Expected trend for today: Bearish
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