GBPJPY provides negative signal – Analysis – 5-4-2017
Economies.com
2017-04-05 07:14AM UTC
The GBPJPY pair continued to form negative trading recently to notice its fluctuation below 137.60 level, hinting the release from 50% Fibonacci level, which confirms the price move to new negative range, waiting to reach new negative targets that start at 136.35 followed by reaching 61.8% Fibonacci level at 135.05.
Stochastic continues to support the negative attempts by approaching from 20 level, to increase the chances of gathering negative momentum and agree with the negativity of the moving average 55 by consolidating around the main resistance at 139.90.
Expected trading range for today is between 138.40 and 136.35
Expected trend for today: Bearish
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