No news for the GBPJPY – Analysis – 10-4-2019

The GBPJPY pair did not move recently due to the continuous contradiction between the major indicators to block the major negative attempts, while the price consolidation within the bearish channel and 146.50 level forming additional resistance allows us to wait breaking 144.60 level to manage to resume the negative attack that might target 143.80 level initially, followed by reaching 142.30 level in the upcoming period.

Stochastic approach to 20 level supports the continuation of the negativity by providing new negative momentum to increase the chances of achieving the required break.

The expected trading range for today is between 145.80 and 144.00

The expected trend for today: Bearish