The GBPJPY continues to decline – Analysis – 8-9-2020

Economies.com
2020-09-08 05:21AM UTC

The GBPJPY pair continued to form negative trading, to hit 61.8% Fibonacci correction level at 139.60, confirming its surrender to the negative pressures and delaying the bullish attempts.

 

note that the continuation of facing the negative pressures and crawling below 139.60 level will confirm the domination of the bearish correctional bias, to expect suffering extra losses that might extend to 138.55 reaching to the main bullish channel’s support at 137.15.

 

The expected trading range for today is between 140.70 and 138.55

 

The expected trend for today: Bearish

 

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