GBPJPY repeats the negative attempts – Analysis – 21-12-2016

The GBPJPY pairs repeats its affection by the bearish correctional bias domination by providing repeated negative close below 146.60 level, therefore, we will keep our bearish expectations that targets 143.25 level, note that the price decline below this level will open the way towards more of the negative targets by reaching 140.40.

In spite of the contradiction between the main indicators, but stochastic negativity affects the trading clearly by providing negative momentum that increases the chances for achieving the suggested targets.

Expected trading range for today is between 146.60 and 143.25

Expected trend for today: Bearish