GBPJPY without any change – Analysis – 18-10-2016
Economies.com
2016-10-18 07:07AM UTC
The GBPJPY pair could not manage to show any actions until this moment, showing frequent sideways trading around 127.00, while the stability of 129.60 resistance allows us to suggest the negative domination for the near term and medium term period, waiting to reach the negative targets that start at 123.15 followed by moving towards 120.90.
Stochastic attempts to build new negative wave to allow the price to gather the required negative momentum to start forming the negative attack and reach the suggested targets.
Expected trading range for today is between 127.50 and 124.60
Expected trend for today: Bearish
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