The GBPJPY continues to decline – Analysis – 3-6-2019
Economies.com
2019-06-03 07:07AM UTC
The GBPJPY pair took advantage of the negative pressures by forming new negative trades, approaching the next target at 136.50, while confirming the continuation of the negativity urges us to wait breaking this barrier and manage to resume the negative crawling in the upcoming period, to target new negative levels by moving towards 135.00 followed by reaching the bearish channel’s support line at 134.15.
Stochastic exit from the oversold areas might force the price to provide some sideways fluctuation until succeeding to gathering new negative momentum, to increase the chances of breaking the mentioned barrier.
The expected trading range for today is between 137.40 and 135.00
The expected trend for today: Bearish
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