The GBPJPY approaches the target – Analysis – 18-6-2019
Economies.com
2019-06-18 07:09AM UTC
The GBPJPY pair succeeded to gather strong negative momentum yesterday, taking advantage of this factor to form strong negative wave and approach the next target at 135.50, expecting to break the current level to target the bearish channel’s support line at 134.05, forming the last station for the near term trades.
Stochastic reach to the oversold areas forms major factor to confirm the bearish scenario due to providing strong negative momentum that agrees our expectations to attempt to resume recording the targets.
The expected trading range for today is between 136.60 and 134.05
The expected trend for today: Bearish
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