GBPJPY exits the bullish track – Analysis – 6-2-2019
Economies.com
2019-02-06 08:35AM UTC
The GBPJPY pair surrendered to the negative pressures yesterday to notice crawling below the bullish channel’s support line, suffering some losses by reaching 142.05, expecting the mentioned support to form new resistance at 143.10 and renew the negative attempts to extend losses towards 141.45 followed by reaching 23.6% Fibonacci correction level at 140.40.
Stochastic sharp decline and the stability within the oversold areas reinforces the domination of the bearish bias, to continue providing the required negative momentum to achieve the mentioned targets.
The expected trading range for today is between 142.80 and 141.45
The expected trend for today: Bearish
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