GBPJPY remains negative – Analysis – 13-4-2017

The GBPJPY pair price announced its affection by the bearish bias domination by providing new negative close below 137.60 level, to keep the expected negative stability, reminding you that breaking 136.35 level will extend the losses in the near and medium period, to reach 61.8% Fibonacci correction level at 135.05 to form the first main station of the bearish bias.

Stochastic stability within the oversold level that reinforces our bearish expectation, which provides extra negative momentum that allows it to resume the bearish attack and achieving the suggested target.

Expected trading range for today is between 137.60 and 135.05

Expected trend for today: bearish