GBPJPY attempts to achieve more targets – Analysis – 9-6-2017

The GBPJPY pair confirmed keeping the negative bias domination to notice recording 139.50 level yesterday, attempting to surpass the previously waited target, while the price intraday rebound is caused by the attempt to gather the negative momentum again, depending on the moving average 55 forming solid barrier at 141.70 followed by moving bearishly towards 139.00, and move to reach 50% Fibonacci correction level at 137.65.

Stochastic fluctuation above 20 level might force the price to provide intraday sideways trading until succeeding to gather the required momentum to reach the waited targets.

Expected trading range for today is between 141.70 and 139.00

Expected trend for today: Bearish