GBPJPY keeps the negativity – Analysis – 14-8-2018

The GBPJPY pair formed intraday positive rebound yesterday to test 141.85 level and repeat the negative fluctuation to confirm keeping the bearish bias domination, thus, we will keep our negative overview that targets 139.65 level, while the continuous negative pressures might allow the price to surpass this barrier and confirm the attempt to record additional targets in the upcoming period.

We should note that attempting to breach the current resistance at 141.85 will postpone the negative attack and push the price to build correctional bullish trades that might push the price to test 143.90 followed by reaching the key resistance at 144.70.

Expected trading range for today is between 141.85 and 139.65

Expected trend for today: Bearish