The GBPJPY colored red – Analysis – 17-3-2020
Economies.com
2020-03-17 07:39AM UTC
The GBPJPY pair is addicted to the red color, as it keeps suffering strong losses, noticing that it surpassed 130.65 support and touched 128.90 level, hinting surrendering to the bearish bias domination.
We remind you that the frequent negative stability below 134.70 barrier along with the negative momentum signals coming by the major indicators confirm the continuation of the negativity and increase the chances of targeting new negative levels that might extend to 128.20 and 126.65.
The expected trading range for today is between 131.80 and 128.20
The expected trend for today: Bearish
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