GBPJPY surpasses the first target – Analysis – 6/7/2015
Economies.com
2015-07-06 07:32AM UTC
The GBPJPY pair succeeded to reach our target at 190.80 on last Friday, to notice the price affect by strong negativity since this morning and achieve clear break to the mentioned level, while closing negative close below the broken level will support the negative attempts again until reaching our next target at 187.80.
Stochastic stability above 20 level forms good chance to get new negative momentum that allows us to keep the bearish overview until reaching our next target.
Expected trading range for today is between 191.00 and 187.80
Expected trend for today: Bearish
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