GBPJPY renews testing the moving average 55 – Analysis – 7-9-2017
Economies.com
2017-09-07 06:58AM UTC
The GBPJPY pair formed intraday positive wave yesterday to test the moving average 55 that forms initial resistance around 142.80, while the bearish scenario depends on the stability of 143.90 main resistance to expect renewing the negative attempts that target 140.30 followed by 138.50.
Stochastic fluctuation below 50 level reinforces our bearish overview and provide the price with new negative momentum to ease the attempt to achieve our targets.
Expected trading range for today is between 143.20 and 140.30
Expected trend for today: Bearish
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