The GBPJPY begins to decline – Analysis – 28-10-2020
Economies.com
2020-10-28 06:36AM UTC
The GBPJPY pair confirmed its surrender to the bearish bias domination by moving away from the bearish channel’s resistance at 137.00 today, noticing that beginning of forming negative waves by reaching 135.95.
Also, stochastic attempt to crawl towards the oversold areas support our bearish overview, to keep waiting to record additional targets that might start at 135.60 followed by 134.90 levels.
The expected trading range for today is between 136.60 and 135.00
The expected trend for today: Bearish
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