The GBPJPY faces stochastic positivity – Analysis – 6-6-2019
Economies.com
2019-06-06 07:15AM UTC
Despite stochastic positive pressure by rallying above 50 level, we notice that the GBPJPY pair keeps the negative attempts due to its fluctuation below 138.35 resistance.
Therefore, we will continue to suggest the negative attempts for the near term and medium term period, expecting to gather new negative momentum and decline towards 136.60 level, while breaking this barrier will extend trades towards achieving the second target at 135.50.
The expected trading range for today is between 138.35 and 136.60
The expected trend for today: Bearish
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