GBPJPY tends to the negativity – Analysis – 19-2-2019
Economies.com
2019-02-19 08:00AM UTC
The GBPJPY pair provided new negative close below 143.10 resistance to hint the affection by the bearish bias domination for the near term and medium term trading, expecting to crawl below the moving average 55 to target 14.45 level that forms the first negative station, followed by waiting to move towards 140.45 to press on 23.6% Fibonacci correction level.
We remind you that attempting to breach the current resistance will confirm changing the main trend to start building new bullish trades and target 143.60 followed by 144.80 levels.
The expected trading range for today is between 143.00 and 141.45
The expected trend for today: Bearish
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