GBPJPY settles below the moving average – Analysis – 11-2-2019
Economies.com
2019-02-11 08:34AM UTC
There is no on the GBPJPY pair’s intraday sideways trading, but its continuous stability below the initial resistance that is represented by 142.80 level beside forming an extra barrier by the moving average 55 at 142.40 supports the negative suggestion in the near and medium period trading.
Therefore, we will keep waiting for gathering a new negative momentum that allows it to build a negative trading, to target 141.45 reaching to 140.40 level.
The expected trading range for today is between 142.80 and 141.45
The expected trend for today: Bearish
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