The GBPJPY depends on the positivity of the average – Analysis – 23-9-2019

The GBPJPY pair is forced to form a new negative rebound in Friday, to reach the moving average 55, reinforced by the stability of the initial support at 134.10, gathering a new positive momentum is required for renewing the bullish attempts that might target 135.20 level currently reaching to the initial main target at 136.60.

While the price surrender to stochastic negativity that approaches currently from 20 level might force it to form a new bearish rebound, to decline below 133.70 level, to increase the chances for suffering extra losses that might extend to 133.00 and132.40.

The expected trading range for today is between 134.10 and 136.50

The expected trend for today: Bullish.