The GBPJPY approaches the initial resistance – Analysis – 10-6-2019
Economies.com
2019-06-10 06:55AM UTC
The GBPJPY pair still affected by stochastic positivity, to notice approaching the initial resistance at 138.50, while the stability of this resistance allows us to keep our bearish overview that needs strong negative momentum to manage to reach the main targets at 136.60 and 135.50 levels.
On the other hand, attempting to rally above the current barrier will postpone the bearish attack to force the price for more correctional bullish rebounds, with chances to reach 23.6% Fibonacci correction level at 140.40.
The expected trading range for today is between 138.50 and 136.60
The expected trend for today: Bearish
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