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GBPJPY lacks the bullish momentum – Analysis – 1-8-2016
Despite the stability of the GBPJPY pair above the main support, but we notice the frequent fluctuation within sideways range due to the lack of the positive momentum until this moment, while the stability of 134.75 support will keep the bullish overview valid, to attempt to surpass 137.00 level and target the first positive stations at 140.00.
On the other hand, the continuation of the negative pressure on the price will force the price to break the current support and push the price back to the negative range to target 130.25 level, thus, we recommend monitoring the price behavior to avoid any change at the trend.
Expected trading range for today is between 134.75 and 137.00
Expected trend for today: Bullish
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Platinum returns to the bullish bias – Analysis – 1-8-2016
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