GBPJPY threatens the bullish bias – Analysis – 4/9/2015

The GBPJPY renewed its threat to the main support 182.50, to notice showing new negative trading and reach 181.60 level as appears on chart, while we should note that getting a negative close in the next four hours below the broken support will confirm exiting the dominant positivity, to begin a negative attack by reaching the first target at 177.30.

Stochastic adds more negative pressures on the price by attempting to reach the oversold areas, while we remind you with the importance of monitoring the next candlestick close to avoid any unexpected volatility.

Expected trading range for today is between 182.50 and 177.30

Expected trend for today: Bearish