GBPJPY looks for the momentum – Analysis – 21-10-2016

The GBPJPY price repeated providing sideways trading without any attempt to record the expected targets, the current sideways trading caused by the neediness of the negative momentum to expect more of the sideways fluctuation, reminding you that the stability of the resistance at 129.60 important, to keep preferring the dominant negativity in the upcoming period, to wait until reaching the targets at 124.60 and 120.90.

Stochastic provides new negative signal to attempt to decline below 50 level, to open the way towards gathering the required momentum then begin to record the suggested targets.

Expected trading range for today is between 12815 and 124.60

Expected trend for today: bearish.