GBPJPY keeps the negativity – Analysis – 10-10-2016
Economies.com
2016-10-10 06:47AM UTC
The GBPJPY pair provide new negative close below 129.60 level, to confirm the affection by the bearish bias domination and attempt to resume the negative attack by reaching 126.70 level, thus, we will keep our bearish overview that targets 125.80 level as a first main negative station followed by reaching 123.50.
Stochastic attempts to build new negative wave to reinforce the negative pressures and provide new negative momentum that confirms the continuation of the negativity in the upcoming period.
Expected trading range for today is between 129.60 and 125.80
Expected trend for today: Bearish
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