GBPJPY begins to rebound negatively – Analysis – 31-1-2019
Economies.com
2019-01-31 07:48AM UTC
The GBPJPY pair ended its trading yesterday by providing a negative close below 143.00 level, to increase the chance for forming a bearish correctional trading in the near period, reminding you that breaking the next obstacle at 142.35, so that will open the way towards testing 23.6% Fibonacci correction level at 140.40.
Providing negative momentum by stochastic by reaching the oversold level supports the negative suggestion in the current trading, to increase the chances for reaching the suggested correctional targets.
Expected trading range for today is between 143.40 and 142.35
Expected trend for today: Bearish
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