GBPJPY crawls negatively – Analysis – 18-10-2017
Economies.com
2017-10-18 08:05AM UTC
The GBPJPY pair formed some negative trading yesterday to move away from the resistance at 149.10, confirming its affection by the bearish correctional domination, we will keep waiting for the price to reach the first correctional target at 146.80, reminding you that suffering extra negative pressure that will allow it to resume the bearish attack and reaching 145.50, to test the moving average 55.
Stochastic settles currently below 50 level supports our bearish suggestion by providing new negative momentum, to ease the attempt to reach the suggested negative targets.
Expected trading range for today is between 149.10 and 146.80
Expected trend for today: Bearish
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