The GBPJPY crawls negatively – Analysis – 13-2-2020

The GBPJPY pair touched the extra resistance at 142.85 yesterday, to begin to crawl negatively approaching from 142.10 level, stochastic provides negative momentum by reaching the oversold level, which will increase the chances for resuming the negative moves, to ease the mission of reaching 141.35 and breaking it will reinforce the bearish track until reaching 140.25 level.

note that the attempt of breaching the current resistance, so that will delay the negative overview, which forces it to build a bullish correctional trading that might push it to reach 143.80 and 144.55.

The expected trading range for today is between 142.80 and 141.35

The expected trend for today: Bearish