GBPJPY settles without any news – Analysis – 20-10-2016
Economies.com
2016-10-20 07:15AM UTC
No news for the pair due to forming repeated sideways trading until this moment, in spite of its stability below the resistance at 129.60, therefore, we will keep waiting for gathering the negative momentum again, which assist to begin the negative attack then hitting the targets at 124.60 and 120.90.
The moving average 55 keeps forming a negative decline to reinforce the negative pressures on the upcoming trading, to confirm the price stability within the main channel levels that appear in the above image.
Expected trading range for today is between 129.60 and 124.60.
Expected trend for today: bearish
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