The GBPJPY approaches from the initial resistance – Analysis –12-4-2019

The GBPJPY pair surrendered to stochastic positivity in yesterday’s trading, which fluctuates above 50 level, to notice its approach from the initial resistance at 146.45, the current scenario depends on the strength of this resistance, to expect renewing the negative attempts, to press on 144.50 level, in order to reach to the initial main station at 143.80 level.

While the price attempt to settle above the current resistance, so that will delay the negative attack, which forces it to build a new bullish correctional trading, to target 147.20 level reaching to the bearish channel’s resistance at 148.25.

The expected trading range for today is between 146.50 and 144.50

The expected trend for today: Bearish