The GBPJPY increases the chances for renewing the negativity – Analysis – 20-8-2019
Economies.com
2019-08-20 06:35AM UTC
The GBPJPY pair didn’t move until this morning, but its negative stability below the resistance at 130.00 increases the chances for renewing the negative attempts, while gathering a new negative momentum makes us expect reaching to 128.10 initially, then attempt to press on the support that is located at 126.50.
Note that the price attempt to rally above the current resistance will increase the chances for forming a bullish correctional trading, to target 131.70 level reaching to the critical resistance at 133.00.
The expected trading range for today is between 130.00 and 128.10
The expected trend for today: Bearish
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