GBPJPY seeks new momentum – Analysis – 25-8-2017
Economies.com
2017-08-25 08:39AM UTC
The GBPJPY pair returned to fluctuate around 140.30 level, affected by stochastic forming intraday positive wave to block the expected negative release, while in general, the price consolidation below the initial resistance at 141.20 besides the stability of the moving average 55 around the main resistance at 143.30 confirms the continuation of the negativity for the upcoming period, expecting to gather new negative momentum to reach the main targets that start at 138.50.
Expected trading range for today is between 141.20 and 138.50
Expected trend for today: Bearish
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