GBPJPY settles with an intraday sideways trading – Analysis – 19-10-2016
Economies.com
2016-10-19 07:24AM UTC
The GBPJPY price remains affected by the sideways domination until this moment, noticing its stability near 124.40 without any attempt to achieve the waited targets, the sideways trading caused by stochastic contradiction with the negative stability overview, to notice its stability above 50 level to increase the chances for testing the resistance that located at 129.60, to wait for forming the negative attack, which targets 124.60 level as a first negative station.
Expected trading range for today is between 129.60 and 124.60
Expected trend for today: bearish.
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