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GBPJPY postpones the bullish attack – Analysis – 19-7-2018
The GBPJPY pair faced strong negative pressure recently that pushed the price to consolidate below 148.00 level, hinting postponing the bullish attack temporarily, while 148.00 forms initial resistance to expect moving towards 146.55 followed by 145.90 levels, to start renewing the bullish attempts that target more suggested positive levels in our previous report.
Also, stochastic decline below 50 level supports our bearish overview for the near term period, to increase the chances of testing the suggested negative levels.
Expected trading range for today is between 148.00 and 146.55
Expected trend for today: Bearish
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