The GBPJPY is forced to fluctuate – Analysis – 6-8-2019

The GBPJPY pair lost its negative momentum by stochastic surpass to the oversold level, which forces it to delay the negative attack temporarily, to notice providing a clear sideways fluctuation by its stability at 129.60, we will depend on the stability of the initial barrier at 130.00, to force the price to renew the negative attempts that targets 128.25 reaching to 126.50 level.

While the price rally above 130.00 will confirm delaying the negative attack, which forces it to build a bullish correctional trading that might push the price to target 131.45 reaching to the critical resistance at 133.20. 

The expected trading range for today is between 130.00 and 128.25

The expected trend for today: Bearish