The GBPJPY achieves the second target – Analysis – 12-8-2019
Economies.com
2019-08-12 06:38AM UTC
The GBPJPY pair resumed the main bearish attack to notice reaching the second target at 126.50 recently, expecting to form some sideways fluctuations until breaking this barrier followed by attempting to form new negative attack to target 124.85 followed by reaching the key support 123.25.
Stochastic crawl towards the oversold areas reinforces our bearish overview to decrease the chances of the price affection by the correctional bullish attempts, to confine the price below 128.10 until achieving the mentioned targets.
The expected trading range for today is between 128.10 and 125.60
The expected trend for today: Bearish
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