GBPJPY keeps the negative attempts – Analysis – 24-10-2018
Economies.com
2018-10-24 06:42AM UTC
The GBPJPY pair provided new negative close below 147.40 level, hinting keeping the previously suggested negative attempts, noticing the stability of the moving average 55 above the current price to provide the price with new negative momentum and increase the chances of declining towards the negative targets at 144.80 followed by 143.70.
Stochastic fluctuation below 50 level and approaching the oversold areas agrees the negative overview by providing additional negative momentum to assist to open the way to start recording the waited targets.
Expected trading range for today is between 146.60 and 144.80
Expected trend for today: Bearish
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