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The GBPJPY continues the negative fluctuation – Analysis – 18-8-2021
The GBPJPY pair continued to provide clear negative trades, to keep its stability below the moving average 55 and record 150.35 level, to approach the first target mentioned in our previous report.
Stochastic stability within the oversold areas allows us to expect renewing the correctional bearish attempts, to increase the chances of recording new negative targets that might extend towards 149.55, reminding you that it is important to hold below 151.80 to continue the bearish trend.
The expected trading range for today is between 151.20 and 149.55
The expected trend for today: Bearish
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