GBPJPY begins to decline – Analysis – 5-9-2017

The GBPJPY pair confirmed its affection by the bearish bias domination to notice its negative crawling towards 141.20, affected by the moving average 55 forming initial resistance around 142.85, while we remind you that it is important to break 140.30 level to open the way to achieve new negative targets that start at 138.50 followed by 135.80.

The price gets its negative momentum by stochastic decline from the oversold areas to gather main negative momentum and manage to achieve the main waited targets.

Expected trading range for today is between 141.95 and 140.30

Expected trend for today: Bearish