GBPJPY remains within the bearish correctional range – Analysis – 12-1-2018

In spite of the GBPJPY pair positive trading recently, but its stability generally below 152.85 level confirms its affection by the bearish correctional bias domination in the near and medium period, therefore, we will keep the negative suggestion and wait to gathering new negative momentum that allows it to achieve the correctional target at 149.50.

While the continuation of stochastic stability within the oversold level will provide extra negative momentum that confirms the suggested negativity.

Expected trading range for today is between 151.50 and 149.60

Expected trend for today: Bearish