GBPJPY fluctuates below the resistance – Analysis – 18-2-2019

The GBPJPY pair provided some mixed trades recently, attempting to hold above the moving average 55, but facing resistance barrier at 143.10 supports blocking the price within the negative range, to keep waiting to gather new negative momentum and expect to threat 141.45 level in order to reach the next negative station at 140.45.

The risks of changing the main trend will appear after attempting to jump above the current resistance, to force the price to form strong bullish trades and start targeting many positive levels that start at 143.60 followed by 144.80.

The expected trading range for today is between 143.10 and 141.45

The expected trend for today: Bearish