GBPJPY repeats fluctuating within the bearish range – Analysis – 11-9-2017

The GBPJPY pair lost its negative momentum recently to renew fluctuation around the moving average 55 at 142.80, noting that succeeding to consolidating above the current level will open the way to resume the positive fluctuation until testing the main resistance at 144.10, followed by starting to form the waited negative trading.

Stochastic approach from 80 level forms the main reason to postpone the negative attack by providing positive momentum that eases the attempt to test the mentioned resistance.

Expected trading range for today is between 142.25 and 144.10

Expected trend for today: Bullish