GBPJPY might target the support – Analysis – 18-12-2018

The GBPJPY pair faced new negative pressures yesterday that forced it to postpone the bullish attack and provide negative fluctuation below 143.80 barrier, noting that there is a chance to test the key support 141.10, assuring the importance of monitoring the price behavior when touching this level, due to its importance to detect the next main trend.

Also, stochastic provides negative momentum by crawling below 50 level to increase the chances of forming negative trades, to suggest the bearish bias on the intraday basis until reaching the mentioned key support.

Expected trading range for today is between 143.80 and 141.10

Expected trend for today: Bearish